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LOANS & CREDITS

Panama – Second Programmatic Shared Prosperity Development Policy Financing

September 8, 2016

WASHINGTON, September 8, 2016 - The World Bank’s Board of Executive Directors today approved the following project:

Panama – Second Programmatic Shared Prosperity Development Policy Financing

IBRD Loan: US $300.0 million equivalent

Terms: Maturity = 20.5 years, Grace = 2 years

Project ID: P154819

Project Description: The project’s objectives are to support the Government of Panama in its efforts to strengthen international tax transparency, financial integrity, and fiscal management. It also seeks to strengthen institutions supporting social assistance and education; and to enhance the regulatory and financial sustainability of energy and water delivery.

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