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

Project Status

Preparation

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 400,000,000.00

Country Counterpart Financing

Original Amount Approved

USD 400,000,000.00

Can’t find a document? Request information

Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0003558-1383420685-12

Project Profile

PP PN-L1193.pdf

Jul. 17, 2025

Spanish

Have an Environmental or Social issue related to IDB projects? File a Complaint