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FIRST PROGRAMMATIC SHARED PROSPERITY DEVELOPMENT POLICY LOAN

Abstract*

The project development objective of the First Programmatic Shared Prosperity Development Policy Loan for Panama is Expanding inclusion, improving service delivery, and modernizing fiscal management are critical for further reducing extreme poverty and sharing prosperity in Panama. This is the first of three projects involved in the series. The proposed DPL series supports the Government of Panama’s efforts to promote human development, sustainable...

* 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 Program Development Objective of the DPL series is to support the Government of Panama’s efforts to (i) expand inclusion and opportunities, (ii) improve service delivery, and (iii) modernize fiscal management.

Key Details

Project Details

  • P151804

  • Closed

  • Friederike N. Koehler-Geib , Rong Qian

  • Republic of Panama

  • Panama

  • December 16, 2014

  • (as of board presentation)

    April 7, 2015

  • July 31, 2015

  • US$ 300.00 million

  • Direccion de Financiamiento Publico - Ministerio de Economia y Finanzas

  • Latin America and Caribbean

  • 2015

  • US$ 300.00 million

  • N/A

  • Not Applicable

  • April 30, 2016

  • BANK APPROVED

  • August 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 300.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 300.00
IDA Commitment N/A
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 300.00

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

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

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 1, 2016 IBRD-84920 Int Charges 36,986.30
Aug 13, 2015 IBRD-84920 Loan Disb 300,000,000.00
Aug 11, 2015 IBRD-84920 Fee Charges 750,000.00
Feb 1, 2016 IBRD-84920 Int Charges 1,333,000.00
Feb 1, 2016 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2017 IBRD-84920 Int Charges 2,320,853.20
Feb 1, 2017 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2016 IBRD-84920 Int Charges 1,977,460.40
Aug 1, 2016 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2017 IBRD-84920 Int Charges 2,633,700.80
Aug 1, 2017 IBRD-84920 Loan Repay 8,100,000.00
Apr 7, 2015 IBRD-84920 Loan Commitment 300,000,000.00
Aug 1, 2022 IBRD-84920 Int Charges 1,174,745.50
Aug 1, 2022 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2022 IBRD-84920 Int Charges 808,496.00
Feb 1, 2022 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2023 IBRD-84920 Int Charges 216,061.20
Feb 1, 2023 IBRD-84920 Int Charges 4,077,749.80
Feb 1, 2023 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2023 IBRD-84920 Int Charges 159,381.98
Aug 1, 2023 IBRD-84920 Int Charges 4,917,011.00
Aug 1, 2023 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2024 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2024 IBRD-84920 Int Charges 41,613.91
Feb 1, 2024 IBRD-84920 Int Charges 5,484,612.00
Aug 1, 2024 IBRD-84920 Int Charges 5,242,160.50
Aug 1, 2024 IBRD-84920 Int Charges 35,252.47
Aug 1, 2024 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2020 IBRD-84920 Int Charges 3,341,930.80
Feb 1, 2020 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2020 IBRD-84920 Int Charges 2,686,593.00
Aug 1, 2020 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2021 IBRD-84920 Int Charges 1,018,593.30
Feb 1, 2021 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2021 IBRD-84920 Int Charges 890,701.00
Feb 1, 2018 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2018 IBRD-84920 Int Charges 2,749,144.00
Aug 1, 2021 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2018 IBRD-84920 Int Charges 3,300,912.00
Aug 1, 2018 IBRD-84920 Loan Repay 8,100,000.00
Feb 1, 2019 IBRD-84920 Int Charges 3,996,142.80
Feb 1, 2019 IBRD-84920 Loan Repay 8,100,000.00
Aug 1, 2019 IBRD-84920 Int Charges 4,171,311.00
Aug 1, 2019 IBRD-84920 Loan Repay 8,100,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2016-05-23
Program Management Satisfactory 2016-05-23
Monitoring and Evaluation Satisfactory 2016-05-23
Overall Implementation Progress (IP) Moderately Satisfactory 2016-05-23

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-26-2021
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-12-2021PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.