Panama Pandemic Response and Growth Recovery Development Policy Loan 2

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

Project ID
P175930
Status
Closed
Team Leader
Barbara Cunha , Clemente Avila Parra
Borrower 2
REPUBLIC OF PANAMA

Country
Panama
Disclosure Date
June 22, 2021
Approval Date
(as of board presentation)
June 24, 2022
Effective Date
August 25, 2022

Total Project Cost 1
US$ 0.00 million
Implementing Agency
MINISTRY OF ECONOMY AND FINANCE
Region
Latin America and Caribbean
Fiscal Year 3
2022

Commitment Amount
US$ 250.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
December 29, 2023

Last Stage Reached
BANK APPROVED
Parent Projects
P174107
Last Update Date
August 16, 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 - Environment and Natural Resource Management

FY17 - Climate change34%
- FY17 - Adaptation12%
- FY17 - Mitigation22%
FY17 - Energy11%
- FY17 - Energy Policies & Reform11%
FY17 - Environmental policies and institutions22%

FY17 - Finance

FY17 - Financial Stability11%
- FY17 - Financial Sector Integrity11%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring11%

FY17 - Human Development and Gender

FY17 - Disease Control60%
- FY17 - Pandemic Response60%
FY17 - Education11%
- FY17 - Access to Education11%
- FY17 - Standards, Curriculum and Textbooks11%
FY17 - Gender11%
FY17 - Health Systems and Policies11%
- FY17 - Health Service Delivery11%
FY17 - Labor Market Policy and Programs11%
- FY17 - Active Labor Market Programs11%
FY17 - Nutrition and Food Security11%
- FY17 - Food Security11%
- FY17 - Nutrition11%

FY17 - Private Sector Development

FY17 - ICT11%
- FY17 - ICT Solutions11%
FY17 - Jobs22%
- FY17 - Job Creation22%
FY17 - Public Private Partnerships11%

FY17 - Public Sector Management

FY17 - Public Administration11%
- FY17 - Public Assets and Investment Management11%
FY17 - Public Finance Management11%
- FY17 - Public Expenditure Management11%

FY17 - Social Development and Protection

FY17 - Social Inclusion22%
- FY17 - Indigenous People and Ethnic Minorities22%
FY17 - Social Protection11%
- FY17 - Social Safety Nets11%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management11%
- FY17 - Flood and Drought Risk Management11%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	250.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	250.00
IDA Commitment	N/A
IBRD + IDA Commitment	250.00

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.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 15, 2023	IBRD-94150	Int Charges	7,424,318.00
Sep 15, 2023	IBRD-94150	Int Charges	95,484.38
Jun 24, 2022	IBRD-94150	Loan Commitment	250,000,000.00
Mar 15, 2024	IBRD-94150	Int Charges	8,229,239.00
Mar 15, 2024	IBRD-94150	Int Charges	128,268.77
Mar 15, 2023	IBRD-94150	Int Charges	422,319.38
Mar 15, 2023	IBRD-94150	Int Charges	6,433,161.00
Aug 25, 2022	IBRD-94150	Fee Charges	625,000.00
Aug 29, 2022	IBRD-94150	Loan Disb	249,375,008.00
Aug 25, 2022	IBRD-94150	Loan Disb	625,000.00

Footnotes

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

#11. Increase in electric vehicle registrations Value 200.00 223.00 500.00
Date June 1, 2020 December 1, 2022 June 1, 2023
Comment
#10. Total area of national protected areas under enhanced conservation and social inclusion regulation (hectare) Value 0.00 994940.00 1000000.00
Date June 3, 2019 December 20, 2022 June 1, 2023
Comment

#2 Students in public schools in Plan Colmena using at least one of the education technologies solutions provided by the governmentto support learning during school year 2022-2023	Value	0.00	0.00	50000.00
	Date	December 31, 2019	January 2, 2023	December 31, 2023
	Comment

#8a Family farmers benefiting from the Family Farming National Fund Value 0.00 0.00 5000.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#1 Health regions with strengthened institutional capacity for the provision of healthcare services Value 0.00 15.00 10.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#4 Legal persons included in the ultimate beneficial ownership (UBO) registry and risk-based verifications conducted Value 0.00 30.00 80.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#5 Central government institutions using e-procurement system (PanamaCompra 3) Value 0.00 0.00 90.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#3 Population aged 18 or older covered by a temporary social protection program Value 26.00 12.00 12.00
Date December 31, 2021 December 31, 2022 December 31, 2022
Comment
#8b Family farmers benefiting from the Family Farming National Fund (percentage of women, indigenous populations) Value 0.00 0.00 40.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#9 Programs registered in SINIP that have been designed in consultation with the IP Council Value 0.00 6.00 12.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#7 Private sector financing mobilized to fund infrastructure services under the PPP law Value 0.00 0.00 500000000.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#6 Publication of consolidated financial statements Value 0.00 0.00 4.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment
#12. GHG emissions regulated under economy-wide77 policy instruments Value 0.00 0.00 100.00
Date December 31, 2019 January 2, 2023 December 31, 2023
Comment

#11. Increase in electric vehicle registrations	Value	200.00	223.00	500.00
	Date	June 1, 2020	December 1, 2022	June 1, 2023
	Comment

#3 Population aged 18 or older covered by a temporary social protection program	Value	26.00	12.00	12.00
	Date	December 31, 2021	December 31, 2022	December 31, 2022
	Comment

#10. Total area of national protected areas under enhanced conservation and social inclusion regulation (hectare)	Value	0.00	994940.00	1000000.00
	Date	June 3, 2019	December 20, 2022	June 1, 2023
	Comment

#8b Family farmers benefiting from the Family Farming National Fund (percentage of women, indigenous populations)	Value	0.00	0.00	40.00
	Date	December 31, 2019	January 2, 2023	December 31, 2023
	Comment

Panama Pandemic Response and Growth Recovery Development Policy Loan 2

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

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

Detailed Financial Activity as of July 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS