| Financier | Commitments |
|---|---|
| Inter-American Development Bank | 30.00 |
| International Bank for Reconstruction and Development | 30.00 |
| International Monetary Fund (IMF) | 29.70 |
DEBT SERV REDUCTION
Development Objective
THE LOAN WOULD SUPPORT THE IMPLEMENTATION OF A DDSR AGREEMENT BETWEEN THE REPUBLIC OF PANAMA AND ITS COMMERCIAL CREDITORS TO RESTRUCTURE ABOUT US$4 MILLION IN PUBLIC DEBT, INCLUDING ABOUT US$2 BILLION OF PAST DUE INTEREST. IN ADDITION TO THE LOAN, A LIMITED WAIVER OF THE NEGATIVE PLEDGE CLAUSES IN LOAN AND GUARANTEE AGREEMENTS BETWEEN THE REPUBLIC OF PANAMA AND THE BANK WOULD BE GIVEN TO PERMIT PANAMA TO PLEDGE COLLATERAL OF UP TO US$115 MILLION TO SUPPORT DDSR.
Key Details
Project Details
P041915
Closed
Richard L. Ground
N/A
March 28, 1996
(as of board presentation)
March 28, 1996
July 3, 1996
US$ 30.00 million
N/A
1996
US$ 89.70 million
N/A
Not Applicable
July 31, 1996
BANK APPROVED
August 16, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 30.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 30.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 59.70 |
| Total Project Cost** | 30.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 28, 1996 | IBRD-39910 | Loan Commitment | 30,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 10-01-1997 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Highly Satisfactory | N/a |
| Risk To Development Outcome | Not Rated | N/a |
| Bank Performance | Highly Satisfactory | N/a |
| Borrower Performance | Highly Satisfactory | N/a |
| Government Performance | Highly Satisfactory | N/a |
| Implementing Agency | Not Rated | N/a |
| Icr Quality | Exemplary | N/a |
| M&e Quality | Not Rated | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
test indi123 Value 0.00 0.00 0.00 Date November 18, 2014 November 25, 2014 November 25, 2014 Comment