First Competitiveness and Public Financial Management DPL

Abstract*

The First Competitiveness and Public Financial Management Development Policy Loan Project of Panama is the first in a programmatic series of two Development Policy Loans (DPLs), which build upon the Public Finance and Institutional DPL included in the previous Bank interim country strategy, intended to support the Government's development program as described in its Strategic Vision document. Within this framework, this DPL series focuses on actions... Show More

Development Objective

To support the Government's development program as described in its Strategic Vision document. Within this framework, this DPL series focuses on actions aimed at: - Promoting broad-based growth through the enhancement of private sector competitiveness, by reducing bureaucratic red tape, improving training policies, and increasing investments in innovation. - Consolidating fiscal sustainability, transparency and efficiency through the modernization of public financial management systems for revenue, debt, fiscal reporting, and public procurement.

Key Details

Project Details

Project ID
P105710
Status
Closed
Team Leader
Manuel Vargas Madrigal
Borrower 2
N/A

Country
Panama
Disclosure Date
July 6, 2007
Approval Date
(as of board presentation)
November 29, 2007
Effective Date
April 10, 2008

Total Project Cost 1
US$ 75.00 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2008

Commitment Amount
US$ 75.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2008

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Associated Projects
P106641

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy7%
- FY17 - Tax policy7%

FY17 - Finance

FY17 - Financial Stability14%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring14%

FY17 - Human Development and Gender

FY17 - Labor Market Policy and Programs14%
- FY17 - Active Labor Market Programs7%
- FY17 - Labor Market Institutions7%

FY17 - Private Sector Development

FY17 - Business Enabling Environment28%
- FY17 - Regulation and Competition Policy28%

FY17 - Public Sector Management

FY17 - Public Administration15%
- FY17 - Transparency, Accountability and Good Governance15%
FY17 - Public Finance Management22%
- FY17 - Domestic Revenue Administration7%
- FY17 - Public Expenditure Management15%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	75.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	75.00
IDA Commitment	N/A
IBRD + IDA Commitment	75.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	75.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 15, 2014	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2014	IBRD-74930	Int Charges	1,346,812.50
Nov 29, 2007	IBRD-74930	Loan Commitment	75,000,000.00
Nov 15, 2013	IBRD-74930	Int Charges	1,464,187.50
Nov 15, 2013	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2014	IBRD-74930	Int Charges	1,405,500.00
May 15, 2014	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2015	IBRD-74930	Int Charges	1,288,125.00
May 15, 2015	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2015	IBRD-74930	Int Charges	1,229,437.50
Nov 15, 2015	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2016	IBRD-74930	Int Charges	1,170,750.00
May 15, 2016	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2016	IBRD-74930	Int Charges	1,112,062.50
Nov 15, 2016	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2017	IBRD-74930	Int Charges	1,053,375.00
May 15, 2017	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2017	IBRD-74930	Int Charges	994,687.50
Nov 15, 2017	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2018	IBRD-74930	Int Charges	936,000.00
May 15, 2018	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2018	IBRD-74930	Int Charges	877,312.50
Nov 15, 2018	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2019	IBRD-74930	Int Charges	818,625.00
May 15, 2019	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2019	IBRD-74930	Int Charges	759,937.50
Nov 15, 2019	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2020	IBRD-74930	Int Charges	701,250.00
May 15, 2020	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2021	IBRD-74930	Int Charges	583,875.00
May 15, 2021	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2020	IBRD-74930	Int Charges	642,562.50
Nov 15, 2020	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2021	IBRD-74930	Int Charges	525,187.50
Nov 15, 2021	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2022	IBRD-74930	Int Charges	466,500.00
May 15, 2022	IBRD-74930	Loan Repay	2,347,500.00
Nov 15, 2022	IBRD-74930	Int Charges	407,812.50
Nov 15, 2022	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2023	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2023	IBRD-74930	Int Charges	349,125.00
Nov 15, 2023	IBRD-74930	Int Charges	290,437.50
Nov 15, 2023	IBRD-74930	Loan Repay	2,347,500.00
May 15, 2024	IBRD-74930	Int Charges	231,750.00
May 15, 2024	IBRD-74930	Loan Repay	2,347,500.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2008-03-10
Program Management	Satisfactory	2008-03-10
Progress towards achievement of PDO	Satisfactory	2008-03-10

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-31-2010
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-17-2010	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Modest	N/a

Results Framework