PANAMA CITY, April 13, 2015—Madelyn Antoncic, Vice President and Treasurer of the World Bank arrived in Panama City for a visit underlining the Bank’s support to Panama. The aim of her trip is to identify areas where the World Bank can assist Panama in the management of financial and disaster risks.
During her visit, Antoncic will meet with the Ministry of Economy and Finance, the Secretariat of Energy, and the Fondo de Ahorro de Panama, the sovereign wealth fund of Panama. Antoncic will also open a technical workshop jointly organized with the Ministry of Economy and Finance and the Secretariat of Energy, to discuss various mechanisms for managing unforeseen events, such as natural disasters and movements in energy prices and interest rates, all of which can impact negatively the government’s financial sustainability.
“Panama is an important partner for the World Bank,” emphasized Antoncic. "The World Bank Treasury plays a critical role in working with client countries to improve fiscal sustainability and resilience. Fostering a culture of risk management, providing concrete advisory services and innovative products to manage risk is central to the development objectives of the Bank, and a key service offered by the World Bank Treasury."
The World Bank is a leading pioneer in the development of innovative financial solutions for global problems that affect countries. The World Bank Treasury’s cutting edge financial products and services help clients manage risk and build fiscal buffers.
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