Global Bank Lending Facility

The focus of the Loan is on supporting the housing and SME sectors in Panama. Support for these key sectors is well aligned with the Bank's developmental country strategy, targeting housing for the low and middle-income segments of the population and enhancing the competitiveness and efficient development of the private sector. Furthermore, the Loan will help GB expand its access to the international financial markets, diversify its funding sources, support its liquidity position, and reduce its asset liability gap. The potential participation of B lenders will channel financing from international commercial banks, thus, further diversifying GB's sources of funding. Finally, as current international markets negative conditions remain, the impact on Panama, given its ties with the US economy, could result in a further decline in the availability of funds to the Panamanian financial system. This makes IDB lending even more crucial as it contributes to counteract the potential financial distress caused by the international financial crisis, and in that way helps restore conditions for sustainable economic growth.

Project Detail

Country

Panama

Project Number

PN-L1037

Approval Date

December 11, 2008

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 70,000,000.00

Country Counterpart Financing

USD 25,000,000.00

Original Amount Approved

USD 25,000,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-415486054-24787

Environmental and Social Management Reports

Global Bank Lending Facility [1783464].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-415486054-24789

Environmental and Social Strategies

Global Bank Lending Facility [1779401].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-415486054-24788

Project Abstract

Global Bank Lending Facility [1779398].PDF

Dec. 31, 1999

English

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