Panama: $28 million for Agriculture

With a loan from the Andean Development Corporation, part of the master plan for agriculture in the Western region will be financed, which consists of the improvement of productive infrastructure, acquisition of equipment and supplies and management of water resources.

Friday, February 23, 2018

The program comprises seven components in its first stage: research, extension and technical assistance; associativity and entrepreneurship; agricultural health and food safety; metrology and laboratories; water management and water harvesting; productive infrastructure, equipment and supplies; institutional development for the execution of PMARO. 

From a statement issued by the Ministry of Economy and Finance:

The National Economic Council (CENA) issued a favorable ruling on a loan contract for B /.  27.6 million, to be subscribed between the Ministry of Economy and Finance (MEF) and the Andean Development Corporation (CAF), for the partial financing of the Master Plan for Agriculture of the Western Region (PMARO) stage I. 
 
The plan will be developed in the Western Region of Panama, in the provinces of Bocas del Toro, Chiriquí and the Comarca Ngäbe Bugl; it will last seven years and will benefit some 15 thousand organized producers.

Read full release (in Spanish).

More on this topic

$28 million Backing for Agriculture

June 2018

The Comptroller General of Panama has approved a contract to finance the first part of the Agricultural Master Plan in the Western Region, whose funds will be invested in the next two years.

The plan, which in its first stage will be executed in seven components, consists of the improvement of productive infrastructure, acquisition of equipment and supplies and management of the water resource.

Panama: $50 million for Sanitation Works

November 2017

With a $50 million loan from the Spanish Agency for International Development Cooperation, the second phase of the Arraiján and La Chorrera sanitation program in Panama Oeste will be financed.

From a statement issued by the Ministry of Economy and Finance:  

Panama: $95 million for Sanitation

January 2017

Using a loan from the Andean Development Corporation a wastewater collection system and treatment plant will be built in the districts of Burunga and Arraijan Cabecera.

From a statement issued by the Ministry of Finance in Panama:

A bill regarding a $95 million loan agreement was approved by the National Economic Council (CENA) enabling the Ministry of Economy and Finance (MEF) to sign with the Andean Development Corporation (CAF) a loan for the construction of a sewage collection system and treatment plant in the districts of Burunga and Arraijan Cabecera.

$210 Million Line of Credit for Banco de Panamá

March 2009

The Andean Development Corporation (CAF) has approved a credit line of $210 million for medium-term loans for the Bank of Panama.

The agreement, signed by the Andean Development Corporation, the Bank of Panama and the Panamanian Ministry of the Economy, will open the way for the allocation of resources for the strengthening of Panamanian banking.

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