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

-

Lending Instrument Code

-

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2093A/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2093B/OC-PN Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 2093A/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 2093B/OC-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing

Can’t find a document? Request information

 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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