The announcement supports the efforts of the Panamanian people on their way to recover from the social and economic impact of the pandemic, while advancing structural improvements on competitiveness and inclusion.
The statement adds that the financing will support Panama’s efforts and initiatives to invest in improvements in health and education services, in key institutions for transparency and proper management of public finances.
This is the first of two programmatic development policy loans in the wake of the health crisis, to help meet the budgetary needs of the Panamanian government.