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Investment Climate and Trade Adjustment
The operation addresses some of the factors necessary for sustained, higher economic growth. Evidence shows that achieving higher growth depends not only on creating the appropriate macroeconomic conditions and trade openness, but also on initiatives that enhance the economy's supply capacity. Taking this into account, the operation is divided into two pillars: (i) fiscal stabilization, and (ii) improvements in the investment climate and trade adjustment. The first pillar of the operation recognizes the advances made in stabilizing the fiscal deficit and debt as a result of recent reforms introduced by the Torrijos administration. The second pillar focuses on creating an investment climate conducive to greater private sector participation in infrastructure provision (airports and ports); lower transactions cost (improvements in market competition and institutional reforms); raising labor productivity and innovation; developing a strategic framework to adjust to free trade (energy, investment, and trade); and addressing corruption and transparency issues.

Project Detail

Country

Panama

Project Number

PN0160

Approval Date

March 15, 2006

Project Status

Closed

Project Type

Loan Operation

Sector

TRADE

Subsector

TRADE

Lending Instrument

Préstamo de Apoyo a Reformas de Política

Lending Instrument Code

PBL

Modality

PBL (Policy Based Loan)

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
1722/OC-PN Sovereign Guaranteed USD - United States Dollar Ordinary Capital Single Currency Facility
Operation Number 1722/OC-PN
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Single Currency Facility

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Closed Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2024609441-213
Project Completion Report
Informe de Terminación de Proyecto (PCR) [2033873].PDF
Dec. 31, 1999
Spanish
Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1349406811-13681
Loan Contract
Programa para el Clima de Inversiones y Adaptación del Libre Comercio [675416].DOC
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1349406811-13717
Loan Contract
Programa para el Clima de Inversiones y Adaptación del Libre Comercio [657140].DOC
Dec. 31, 1999
Spanish
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-2024609441-239
Project Concept Document
Programa para el Fortalecimiento del Clima de Inversiones y Adaptación al Libre Comercio [614342].PDF
Dec. 31, 1999
Spanish
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2024609441-321
Project Outline
Clima de Negocios y Ajuste al Libre Comercio_ [559118].PDF
Dec. 31, 1999
Spanish

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