IDB lends US$51.3 million to Panama for competitiveness

Program to strengthen trade management, expand access to financing and technical assistance, support economic inclusion of indigenous enterprises

Thursday, December 13, 2007

The Inter-American Development Bank today announced the approval of a US$51,323,000 loan for the first phase of a broad competitiveness program in Panama, which has reached several trade accords in recent years to expand its access to international markets.

More on this topic

Panamá As Seen by the IMF in March 2013

April 2013

Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.

With average annual growth rates of 8.5 percent, Panama’s per capita GDP has more than doubled over the past decade. This impressive growth performance has been driven by a steady rise in public and private investment in a stable economic environment buttressed by prudent policies.

IDB loan to help BBVA Panama boost lending for small businesses

November 2009

The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.

Additionally, the IDB helped catalyze a parallel US$25 million loan from the German development lender Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to BBVAP, a unit of the Spanish Grupo BBVA.

Trade and Environment

June 2009

WTO and UNEP launch a report explaining for the first time the connections between trade and climate change.

The WTO/UNEP report on “Trade and Climate Change” published today examines the intersections between trade and climate change from four perspectives: the science of climate change; economics; multilateral efforts to tackle climate change; and national climate change policies and their effect on trade.

IDB lends US$51.3 million to Panama for competitiveness

December 2007

Program to strengthen trade management, expand access to financing and technical assistance, support economic inclusion of indigenous enterprises

The Inter-American Development Bank today announced the approval of a US$51,323,000 loan for the first phase of a broad competitiveness program in Panama, which has reached several trade accords in recent years to expand its access to international markets.

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