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Enhanced Public Sector Efficiency Technical Assistance Loan

Abstract*

The objective of the Enhanced Public Sector Efficiency Technical Assistance Project for Panama is to assist public agencies of the borrower in producing, using and disseminating timely and quality performance information, thereby allowing a more efficient, transparent and account use of the Borrower's public budget funds. There are four components to the project, the first component being strengthening performance-based budget management and evaluation...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The objective of the Project is to assist public agencies of the Borrower in producing, using and disseminating timely and quality performance information, thereby allowing a more efficient, transparent and accountable use of the Borrower#s public budget funds.

Key Details

Project Details

  • P121492

  • Closed

  • Silvana Kostenbaum , Dmitri Gourfinkel

  • Republic of Panama

  • Panama

  • October 14, 2010

  • (as of board presentation)

    March 3, 2011

  • March 7, 2012

  • US$ 60.13 million

  • Direccion de Administracion de Proyectos, DAP

  • Latin America and Caribbean

  • 2011

  • US$ 55.00 million

  • C

  • Not Applicable

  • June 30, 2020

  • BANK APPROVED

  • September 12, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 55.00
Borrower/Recipient 5.13

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 55.00
IDA Commitment N/A
IBRD + IDA Commitment 55.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 60.13

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 19, 2017 IBRD-80160 Loan Disb 232,727.19
Apr 26, 2018 IBRD-80160 Loan Disb 370,509.30
Mar 9, 2018 IBRD-80160 Loan Disb 833,985.06
Mar 30, 2018 IBRD-80160 Loan Disb 539,866.75
Dec 20, 2017 IBRD-80160 Loan Disb 232,018.66
May 15, 2018 IBRD-80160 Loan Repay 974,806.90
May 14, 2018 IBRD-80160 Loan Disb 485,764.25
Nov 15, 2018 IBRD-80160 Int Charges 566,192.50
Nov 15, 2018 IBRD-80160 Loan Repay 1,034,605.94
Dec 21, 2015 IBRD-80160 Loan Disb 649,328.25
May 15, 2016 IBRD-80160 Int Charges 1,000.64
Oct 24, 2016 IBRD-80160 Loan Disb 652,050.00
Jun 9, 2016 IBRD-80160 Loan Disb 4,912,165.50
Oct 24, 2016 IBRD-80160 Loan Disb 446,268.84
Oct 24, 2016 IBRD-80160 Loan Disb 250,000.00
May 5, 2016 IBRD-80160 Loan Disb 262,741.97
May 5, 2016 IBRD-80160 Loan Disb 124,776.68
May 15, 2016 IBRD-80160 Int Charges 122,429.88
May 15, 2016 IBRD-80160 Loan Repay 581,366.00
May 15, 2022 IBRD-80160 Int Charges 158,619.83
May 15, 2022 IBRD-80160 Loan Repay 1,309,072.50
Nov 15, 2022 IBRD-80160 Int Charges 545,412.10
Nov 15, 2022 IBRD-80160 Loan Repay 1,309,072.50
May 15, 2023 IBRD-80160 Loan Repay 1,309,072.50
May 15, 2023 IBRD-80160 Int Charges 49,615.19
May 15, 2023 IBRD-80160 Int Charges 863,575.25
Nov 15, 2023 IBRD-80160 Int Charges 20,408.81
Nov 15, 2023 IBRD-80160 Int Charges 1,000,979.80
Nov 15, 2023 IBRD-80160 Loan Repay 1,309,072.50
May 15, 2024 IBRD-80160 Int Charges 1,016,127.50
May 15, 2024 IBRD-80160 Int Charges 6,459.07
May 15, 2024 IBRD-80160 Loan Repay 1,309,072.50
Mar 3, 2011 IBRD-80160 Loan Commitment 55,000,000.00
Dec 13, 2018 IBRD-80160 Loan Disb 428,859.10
Nov 15, 2018 IBRD-80160 Int Charges 1,959.53
May 15, 2019 IBRD-80160 Int Charges 2,417.76
May 15, 2019 IBRD-80160 Int Charges 637,099.44
May 15, 2019 IBRD-80160 Loan Repay 1,081,720.20
Sep 23, 2019 IBRD-80160 Loan Disb 97,134.09
Nov 15, 2019 IBRD-80160 Int Charges 586,096.50
Nov 15, 2019 IBRD-80160 Loan Repay 1,101,122.20
Sep 9, 2019 IBRD-80160 Loan Disb 640,329.10
Mar 19, 2020 IBRD-80160 Loan Disb -182.45
Feb 27, 2020 IBRD-80160 Loan Disb -2,510,343.20
Mar 4, 2020 IBRD-80160 Loan Disb 2,510,400.80
Feb 14, 2020 IBRD-80160 Loan Disb 2,510,400.80
May 15, 2020 IBRD-80160 Int Charges 456.19
Apr 10, 2020 IBRD-80160 Loan Disb 176,059.95
Apr 28, 2020 IBRD-80160 Loan Disb 698,932.70
Sep 1, 2020 IBRD-80160 Loan Disb 308,366.90
Jul 8, 2020 IBRD-80160 Loan Disb 2,122,507.80
May 15, 2020 IBRD-80160 Int Charges 463,452.50
May 15, 2020 IBRD-80160 Loan Repay 1,182,397.90
Oct 1, 2020 IBRD-80160 Loan Disb 607,556.20
Oct 30, 2020 IBRD-80160 Loan Cancel 5,083,285.00
May 15, 2021 IBRD-80160 Int Charges 964.50
May 15, 2021 IBRD-80160 Int Charges 167,964.34
May 15, 2021 IBRD-80160 Loan Repay 1,309,072.50
Nov 15, 2020 IBRD-80160 Int Charges 1,257.34
Nov 15, 2020 IBRD-80160 Int Charges 254,311.19
Nov 15, 2020 IBRD-80160 Loan Repay 1,288,840.90
Nov 15, 2021 IBRD-80160 Int Charges 159,235.40
Nov 15, 2021 IBRD-80160 Loan Repay 1,309,072.50
May 31, 2016 IBRD-80160 Loan Disb 546,295.25
Nov 15, 2016 IBRD-80160 Int Charges 113.02
Nov 15, 2016 IBRD-80160 Int Charges 196,887.48
Nov 15, 2016 IBRD-80160 Loan Repay 734,544.30
Jun 27, 2016 IBRD-80160 Loan Disb 137,548.78
Dec 9, 2016 IBRD-80160 Loan Disb 566,439.80
Mar 20, 2017 IBRD-80160 Loan Disb 1,391,982.10
May 15, 2017 IBRD-80160 Int Charges 1,137.09
May 15, 2017 IBRD-80160 Int Charges 264,895.03
Apr 21, 2017 IBRD-80160 Loan Disb 950,863.00
May 15, 2017 IBRD-80160 Loan Repay 784,902.50
Jun 14, 2017 IBRD-80160 Loan Disb 483,972.03
Jun 7, 2017 IBRD-80160 Loan Disb 1,391,432.10
Jul 19, 2017 IBRD-80160 Loan Disb 580,708.50
Aug 10, 2017 IBRD-80160 Loan Disb 226,177.86
Oct 17, 2017 IBRD-80160 Loan Disb 330,657.78
Nov 15, 2017 IBRD-80160 Int Charges 4,954.62
Nov 15, 2017 IBRD-80160 Int Charges 340,902.00
Nov 15, 2017 IBRD-80160 Loan Repay 920,581.10
Dec 19, 2017 IBRD-80160 Loan Disb 321,178.25
Aug 23, 2018 IBRD-80160 Loan Disb 694,735.10
May 15, 2018 IBRD-80160 Int Charges 530.07
May 15, 2018 IBRD-80160 Int Charges 377,453.20
Oct 22, 2018 IBRD-80160 Loan Disb 1,173,670.50
Nov 13, 2014 IBRD-80160 Loan Disb 745,759.50
Nov 15, 2014 IBRD-80160 Int Charges 6,274.64
Nov 15, 2014 IBRD-80160 Int Charges 51,663.27
Nov 26, 2014 IBRD-80160 Loan Disb 1,013,959.70
Nov 27, 2013 IBRD-80160 Loan Disb 347,062.70
Dec 10, 2013 IBRD-80160 Loan Disb 335,870.66
Nov 27, 2013 IBRD-80160 Loan Disb 335,870.66
Nov 15, 2013 IBRD-80160 Int Charges 40.73
Nov 15, 2013 IBRD-80160 Int Charges 12,435.07
Apr 2, 2014 IBRD-80160 Loan Disb 500,000.00
Apr 2, 2014 IBRD-80160 Loan Disb 191,893.55
Apr 9, 2014 IBRD-80160 Loan Disb 6,065,264.00
Apr 30, 2014 IBRD-80160 Loan Disb 1,730,290.50
Apr 15, 2014 IBRD-80160 Loan Disb 1,130,000.00
May 2, 2014 IBRD-80160 Loan Disb 113,706.82
May 30, 2014 IBRD-80160 Loan Disb 188,929.67
May 15, 2014 IBRD-80160 Int Charges 14,706.11
Jun 24, 2014 IBRD-80160 Loan Disb 823,422.56
Jun 25, 2014 IBRD-80160 Loan Disb 1,750.00
Aug 7, 2014 IBRD-80160 Loan Disb 693.25
May 6, 2015 IBRD-80160 Loan Disb 2,027,919.40
Apr 24, 2015 IBRD-80160 Loan Disb 72,902.48
Apr 23, 2015 IBRD-80160 Loan Disb 12,000.00
Apr 23, 2015 IBRD-80160 Loan Disb 235,966.05
May 15, 2015 IBRD-80160 Int Charges 28.58
May 15, 2015 IBRD-80160 Int Charges 60,715.67
May 15, 2015 IBRD-80160 Loan Repay 395,178.80
May 18, 2015 IBRD-80160 Loan Disb 3,101,137.00
Sep 1, 2015 IBRD-80160 Loan Disb 238,392.10
Nov 15, 2015 IBRD-80160 Int Charges 511.76
Nov 15, 2015 IBRD-80160 Int Charges 93,188.96
Nov 15, 2015 IBRD-80160 Loan Repay 533,973.75
Dec 9, 2015 IBRD-80160 Loan Disb 506,979.84
Sep 18, 2015 IBRD-80160 Loan Disb 739,382.06

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Satisfactory 2020-03-02
Monitoring and Evaluation Satisfactory 2020-03-02
Overall Implementation Progress (IP) Moderately Satisfactory 2020-03-02
Counterpart Funding Satisfactory 2020-03-02
Progress towards achievement of PDO Moderately Unsatisfactory 2020-03-02
Procurement Moderately Satisfactory 2020-03-02
Project Management Satisfactory 2020-03-02

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 04-26-2021
OutcomesModerately Unsatisfactory
Risk to Development Outcome
Bank PerformanceUnsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceUnsatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityModestN/a
M&e QualityNegligibleN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Quality of public sector financial information improvedValueFinancial reports do not provide complete informatPartly achieved. ISTMO deployed in 100 percent of
    DateAugust 30, 2013June 30, 2020
    Comment
  • Public entities increase the production and dissemination of performance information linked with budget informationValuePerformance information is limited, not publicly aNot achieved. The project supported the developmen
    DateAugust 30, 2013June 30, 2020
    Comment
  • Increased transparency in public procurementValue60% competitive procurement processes of Central aPartly achieved. PanamaCompra 3 designed and teste
    DateJuly 17, 2015June 30, 2020
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Improved procurement complaint managementValueThe current PanamaCompra system has no instrumentsPanama Compra 3 Platform includes functionalities
    DateAugust 30, 2013June 30, 2020
    Comment
  • Improved performance orientation of the budgetValueThe budget document does not use program classificTarget has been achieved. In 2018, DIPRENA selecte
    DateJune 1, 2011June 30, 2020
    Comment
  • Increased institutional coverage of the new ISTMO model in Central GovernmentValue0.00100.000.00
    DateJune 1, 2011June 30, 2020
    Comment
  • Modernized legal framework for procurementValueUpdate of Law 22 (2006) and regulation 366 (2006).Target has been achieved. Law 61, reforming public
    DateAugust 30, 2013June 30, 2020
    Comment
  • Increased institutional coverage of the new ISTMO model in Decentralized GovernmentValue0.0089.000.00
    DateAugust 30, 2013June 30, 2020
    Comment
  • Increased use of ISTMO in Central GovernmentValueSIAFPA, RAMAN, and all the previous information syTarget is achieved. 99.98% of Central Government´s
    DateAugust 30, 2013June 30, 2020
    Comment
  • Increased use of ISTMO in Decentralized GovernmentValueSIAFPA, RAMAN, and all the previous information syTarget is achieved. 75% of Decentralized Entities´
    DateAugust 30, 2013June 30, 2020
    Comment
  • Extended functional coverage of the new ISTMO modelValueThe current SIAFPA does not include functionalitieAchieved. ISTMO includes all functions and integra
    DateJune 1, 2011June 30, 2020
    Comment