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Second Panama Disaster Risk Management Development Policy Loan with a CAT DDO

Abstract*

The development objectives of the Second Panama Disaster Risk Management Development Policy Loan in Panama enhance the Government of Panama's technical and institutional capacity to manage the disaster risk resulting from the occurrence of natural and health-related hazards, including the adverse effects of climate change and disease outbreaks. The Government of Panama has adopted the Strategic Framework for the Financial Management of Disaster Risk...

* 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 PDO is to enhance the Government of Panama's technical and institutional capacity to manage the disaster risk resulting from the occurrence of natural and health-related hazards, including the adverse effects of climate change and disease outbreaks.

Key Details

Project Details

  • P174191

  • Active

  • Luis Duran Vargas , Felipe Montoya Pino

  • Republic of Panama

  • Panama

  • November 2, 2021

  • (as of board presentation)

    March 14, 2022

  • August 17, 2022

  • US$ 100.00 million

  • N/A

  • Not Applicable

  • March 14, 2028

  • BANK APPROVED

  • July 10, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 100.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 100.00
IDA Commitment N/A
IBRD + IDA Commitment 100.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 4, 2023 IBRD-93420 Fee Charges 500,000.00
Mar 14, 2022 IBRD-93420 Loan Commitment 100,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2025-06-24
Progress towards achievement of PDO Highly Satisfactory 2025-06-24
Program Management Satisfactory 2025-06-24
Monitoring and Evaluation Satisfactory 2025-06-24

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • National-level simulation exercises to test multi-hazard response protocols carried out with satisfaction levels at or above 80 percent according to PAHO best practicesValue0.000.002.00
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment
  • Percentage of SINAPROC’s staff certified as risk managers nationwide as per the new Civil Protection Career provisionsValue0.000.0035.00
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment
  • Percentage of female members within the Civil Protection General DirectorateValue33.0035.0050.00
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment
  • Number of multisectoral programs endorsed by the DRM CabinetValue0.002.004.00
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment
  • Approval of the NMHS’s organizational structure, budget, and staffing plan by the Institute’s board of directorsValueNoYesYes
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment
  • Number of economic activities and sectors informed through seasonal forecasts emitted by the NMHSValue1.002.004.00
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment
  • Percentage of territorial plans with DRM and CCA criteria validated by the Directorate of Territorial DevelopmentValue0.000.0040.00
    DateMarch 14, 2022February 9, 2023March 14, 2025
    Comment