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Consolidation of the Panama Public Financial Management Information System

Abstract*

The project will support the consolidation of the core public financial management functions, including the integration to the broader PFM ecosystem. Similarly, the project will improve and modernize resource and administration management systems, including payrolls, customs administration, public asset, and investment management systems. The project will strengthen the capabilities of the Ministry of Economy and Finance to monitor, detect and respond...

* 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

To improve the operational efficiency and quality of information of public financial management in the Republic of Panama

Key Details

Project Details

  • P180872

  • Active

  • Henry Forero Ramirez , Ruben Ruano Chinchilla

  • Republic of Panama

  • Panama

  • June 20, 2023

  • (as of board presentation)

    November 14, 2023

  • May 23, 2024

  • US$ 40.00 million

  • N/A

  • July 10, 2023

  • December 15, 2028

  • TBD

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 40.00
National Government 0.10

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 40.00
IDA Commitment N/A
IBRD + IDA Commitment 40.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 40.00

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$)
May 24, 2024 IBRD-96090 Fee Charges 100,000.00
Nov 14, 2023 IBRD-96090 Loan Commitment 40,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2024-09-30
Monitoring and Evaluation Satisfactory 2024-09-30
Financial Management Satisfactory 2024-09-30
Overall Implementation Progress (IP) Moderately Satisfactory 2024-09-30
Procurement Moderately Satisfactory 2024-09-30
Project Management Satisfactory 2024-09-30

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.