Program for the Improvement of the Social Security Fund Pension System in Panama

The overall objective of the program is to improve the sustainability of the Disability, Old Age, and Death (IVM) program administered by the Social Security Fund (CSS) in Panama. To this end, the program focuses on three specific objectives: (i) strengthening the financing of the IVM program; (ii) expanding IVM coverage; and (iii) improving the adequacy of the retirement benefits provided.

Project Detail

Country

Panama

Project Number

PN-L1193

Approval Date

October 22, 2025

Project Status

Implementation

Project Type

Loan Operation

Sector

SOCIAL INVESTMENT

Subsector

PENSIONS & SOCIAL SECURITY

Lending Instrument

Policy-Based Loan

Lending Instrument Code

PBL

Modality

PBP (Programmatic Policy Base Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 350,000,000.00

Country Counterpart Financing

Original Amount Approved

USD 350,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50766

Loan Contract

Program for the Improvement of the Social Security Fund Pension System in Panama - PN-L1193.pdf

Oct. 23, 2025

English

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50767

Loan Contract

Programa de Mejoramiento del Sistema de Pensiones de la Caja de Seguro Social en Panamá - PN-L1193.pdf

Oct. 23, 2025

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0003558-1383420685-49

Loan Proposal

Panama. Propuesta de prestamo para el _Programa de Mejoramiento del Sistema de Pensiones de la Caja de Seguro Social en Panama” (PR-5316).pdf

Oct. 07, 2025

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0003558-1383420685-48

Loan Proposal

Panama. Loan proposal for the _Program for the Improvement of the Social Security Fund Pension System in Panama” (PR-5316).pdf

Oct. 07, 2025

English