Skip to main content

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



Project Number


Approval Date

March 15, 2006

Project Status


Project Type

Loan Operation





Lending Instrument

Préstamo de Apoyo a Reformas de Política

Lending Instrument Code



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

Can’t find a document? Request information

Closed Phase
Project Completion Report
Informe de Terminación de Proyecto (PCR) [2033873].PDF
Dec. 31, 1999
Implementation Phase
Loan Contract
Programa para el Clima de Inversiones y Adaptación del Libre Comercio [675416].DOC
Dec. 31, 1999
Loan Contract
Programa para el Clima de Inversiones y Adaptación del Libre Comercio [657140].DOC
Dec. 31, 1999
Other Documents
Project Concept Document
Programa para el Fortalecimiento del Clima de Inversiones y Adaptación al Libre Comercio [614342].PDF
Dec. 31, 1999
Preparation Phase
Project Outline
Clima de Negocios y Ajuste al Libre Comercio_ [559118].PDF
Dec. 31, 1999

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

Jump back to top