| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 300.00 |
Panama Pandemic Response and Growth Recovery Development Policy Operation
Abstract*
The operation will support the Government of Panama (GoP) to protect human capital during the Coronavirus Disease (COVID-19) crisis and build a more inclusive and sustainable economy during the recovery phase. The 300 million dollars operation is the first of two in a programmatic Development Policy Financing (DPF) series. The DPF series supports reforms organized around three pillars. Pillar A supports emergency measures aimed at protecting human... Show More
Development Objective
The objective of this operation is to protect human capital during the COVID-19 crisis, while strengthening institutions to foster human capital accumulation and support a more inclusive and sustainable economic recovery.
Key Details
Project Details
P174107
Closed
Rafael Barroso , Barbara Cunha
Republic of Panama
September 8, 2020
(as of board presentation)
December 8, 2020
December 23, 2020
US$ 0.00 million
Ministry of Economy and Finance
2021
US$ 300.00 million
N/A
Not Applicable
December 31, 2021
BANK APPROVED
August 16, 2023
Finances
Financing Plan (US$ Millions)
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** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 1, 2022 | IBRD-91780 | Int Charges | 2,576,000.00 |
| Mar 1, 2022 | IBRD-91780 | Int Charges | 1,508,333.40 |
| Mar 1, 2023 | IBRD-91780 | Int Charges | 6,712,083.50 |
| Sep 1, 2023 | IBRD-91780 | Int Charges | 9,384,000.00 |
| Mar 1, 2024 | IBRD-91780 | Int Charges | 10,068,956.00 |
| Dec 8, 2020 | IBRD-91780 | Loan Commitment | 300,000,000.00 |
| Dec 29, 2020 | IBRD-91780 | Loan Disb | 299,249,984.00 |
| Mar 1, 2021 | IBRD-91780 | Int Charges | 568,470.80 |
| Mar 1, 2021 | IBRD-91780 | Loan Disb | 300,000,000.00 |
| Mar 1, 2021 | IBRD-91780 | Loan Disb | -300,000,000.00 |
| Dec 23, 2020 | IBRD-91780 | Fee Charges | 750,000.00 |
| Dec 23, 2020 | IBRD-91780 | Loan Disb | 750,000.00 |
| Sep 1, 2021 | IBRD-91780 | Int Charges | 1,610,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 07-30-2025 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Health regions (regiones de salud) with verified institutional capacity in MINSAs’ facilities to provide access to prescribed medicines for all users; and to distribute and prioritize COVID-19 vaccine Value 0.00 0.00 16.00 Date November 2, 2020 March 19, 2021 November 2, 2022 Comment Students in public schools in Plan Colmena using at least one of the education technologies solutions provided by the government tosupport learning during school year 2022 Value 0.00 0.00 50.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Proportion of population aged 18 or older covered by a temporary social protection program (percentage). Value 22.00 22.00 10.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Legal persons included in the ultimate beneficial ownership (UBO) registry and risk-based verifications conducted (percentage). Value 0.00 0.00 80.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Central government institutions using eprocurement system (PanamaCompra 3) (number). Value 0.00 0.00 25.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Publication of consolidated financial statements (number). Value 0.00 0.00 1.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Private sector financing mobilized to fund infrastructure services under the PPP law (US$). Value 0.00 0.00 500000000.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Family farmers benefiting from the Family Farming National Fund (number). Value 0.00 2.00 5.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Total area of national protected areas under enhanced conservation and social inclusion regulation (hectare). Value 0.00 994940.00 1000000.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Programs registered in SINIP that have been designed in consultation with the IP Council (number) Value 0.00 0.00 5.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment Energy awarded to variable renewable sources in energy auctions Value 31.70 47.00 47.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment GHG emissions regulated under economy-wide77 policy instruments ( Value 0.00 0.00 100.00 Date November 2, 2020 March 19, 2021 November 2, 2021 Comment