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... Show More

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

Project ID
P121492
Status
Closed
Team Leader
Silvana Kostenbaum , Dmitri Gourfinkel
Borrower 2
Republic of Panama

Country
Panama
Disclosure Date
October 14, 2010
Approval Date
(as of board presentation)
March 3, 2011
Effective Date
March 7, 2012

Total Project Cost 1
US$ 60.13 million
Implementing Agency
Direccion de Administracion de Proyectos, DAP
Region
Latin America and Caribbean
Fiscal Year 3
2011

Commitment Amount
US$ 55.00 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2020

Last Stage Reached
BANK APPROVED
Last Update Date
September 12, 2023

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 - Private Sector Development

FY17 - Enterprise Development25%
- FY17 - MSME Development25%

FY17 - Public Sector Management

FY17 - Public Administration38%
- FY17 - Transparency, Accountability and Good Governance38%
FY17 - Public Finance Management38%
- FY17 - Public Expenditure Management38%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

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

No data available.

Detailed Financial Activity as of June 30, 2025

Download:

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

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-26-2021
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome
Bank Performance	Unsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Modest	N/a
M&e Quality	Negligible	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Quality of public sector financial information improved Value Financial reports do not provide complete informat Partly achieved. ISTMO deployed in 100 percent of
Date August 30, 2013 June 30, 2020
Comment

Public entities increase the production and dissemination of performance information linked with budget information	Value	Performance information is limited, not publicly a	Not achieved. The project supported the developmen
	Date	August 30, 2013	June 30, 2020
	Comment

Increased transparency in public procurement Value 60% competitive procurement processes of Central a Partly achieved. PanamaCompra 3 designed and teste
Date July 17, 2015 June 30, 2020
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Improved procurement complaint management Value The current PanamaCompra system has no instruments Panama Compra 3 Platform includes functionalities
Date August 30, 2013 June 30, 2020
Comment
Improved performance orientation of the budget Value The budget document does not use program classific Target has been achieved. In 2018, DIPRENA selecte
Date June 1, 2011 June 30, 2020
Comment
Increased institutional coverage of the new ISTMO model in Central Government Value 0.00 100.00 0.00
Date June 1, 2011 June 30, 2020
Comment
Modernized legal framework for procurement Value Update of Law 22 (2006) and regulation 366 (2006). Target has been achieved. Law 61, reforming public
Date August 30, 2013 June 30, 2020
Comment
Increased institutional coverage of the new ISTMO model in Decentralized Government Value 0.00 89.00 0.00
Date August 30, 2013 June 30, 2020
Comment
Increased use of ISTMO in Central Government Value SIAFPA, RAMAN, and all the previous information sy Target is achieved. 99.98% of Central Government´s
Date August 30, 2013 June 30, 2020
Comment
Increased use of ISTMO in Decentralized Government Value SIAFPA, RAMAN, and all the previous information sy Target is achieved. 75% of Decentralized Entities´
Date August 30, 2013 June 30, 2020
Comment
Extended functional coverage of the new ISTMO model Value The current SIAFPA does not include functionalitie Achieved. ISTMO includes all functions and integra
Date June 1, 2011 June 30, 2020
Comment

Quality of public sector financial information improved	Value	Financial reports do not provide complete informat	Partly achieved. ISTMO deployed in 100 percent of
	Date	August 30, 2013	June 30, 2020
	Comment

Increased transparency in public procurement	Value	60% competitive procurement processes of Central a	Partly achieved. PanamaCompra 3 designed and teste
	Date	July 17, 2015	June 30, 2020
	Comment

Improved procurement complaint management	Value	The current PanamaCompra system has no instruments	Panama Compra 3 Platform includes functionalities
	Date	August 30, 2013	June 30, 2020
	Comment

Improved performance orientation of the budget	Value	The budget document does not use program classific	Target has been achieved. In 2018, DIPRENA selecte
	Date	June 1, 2011	June 30, 2020
	Comment

Increased institutional coverage of the new ISTMO model in Central Government	Value	0.00	100.00	0.00
	Date	June 1, 2011	June 30, 2020
	Comment

Modernized legal framework for procurement	Value	Update of Law 22 (2006) and regulation 366 (2006).	Target has been achieved. Law 61, reforming public
	Date	August 30, 2013	June 30, 2020
	Comment

Increased use of ISTMO in Central Government	Value	SIAFPA, RAMAN, and all the previous information sy	Target is achieved. 99.98% of Central Government´s
	Date	August 30, 2013	June 30, 2020
	Comment

Extended functional coverage of the new ISTMO model	Value	The current SIAFPA does not include functionalitie	Achieved. ISTMO includes all functions and integra
	Date	June 1, 2011	June 30, 2020
	Comment