Together with the different governments of Panama, for over 60 years, we have contributed to the progress of the country, promoting development with equity and social inclusion.
The objective of the IDB Group Country Strategy with Panama for the period 2021 – 2024 is to support the authorities’ efforts to jumpstart economic recovery, and to help Panama consolidate its position as a high-income country over the medium term in an inclusive and sustainable way.
Three areas were identified during the dialogue process in which the IDB Group can contribute to this objective in the coming years:
(i) modernizing public management;
(ii) improving the delivery of basic services; and
(iii) reigniting and diversifying productive activity. The IDB Group’s support will be tailored to the country’s needs arising from the health crisis and its social and economic impact, as well as with the process of rekindling growth.
Information technology will be considered in each strategic area and the crosscutting issues of gender, diversity, environmental sustainability, climate change adaptation, and institutional strengthening will be addressed.
Our Team on The Ground
Address: Calle 50 con calle Elvira Méndez, Edificio Tower Financial Center (Towerbank), piso 23. Panama, Panama
Mailing Address: Apartado postal: 0816-02900 zona 5 Panama, Panama
(T) (507) 206-0900
Executive Director: Gustavo Tarre Briceno
ALTERNATE EXECUTIVE DIRECTOR(S):
- Carlos Alberto Vallarino Rangel
ELECTED BY: Panama and Venezuela
Total Contribution: 16,366,500
Number of votes: 64,649
of the institution's ownership
Videos available in Spanish
Panama is one of the founding member countries of the IDB. Like all the shareholders, Panama appoints a Governor, who represents the country on the Board of Governors.
For day-to-day business at the Bank's Headquarters in Washington, D.C., Panama is represented by a chair on the Board of Executive Directors. The chair, shared with Venezuela, is headed by an Executive Director, who is elected to a three-year term by the Governors of Panama and Venezuela.
Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.
The objective of the IDB Group Country Strategy with Panama for the period 2021 – 2024 is to support the authorities’ efforts to jumpstart economic recovery, and to help Panama consolidate its position as a high-income country over the medium term in an inclusive and sustainable way.
Three areas were identified during the dialogue process in which the IDB Group can contribute to this objective in the coming years:
(i) modernizing public management;
(ii) improving the delivery of basic services; and
(iii) reigniting and diversifying productive activity. The IDB Group’s support will be tailored to the country’s needs arising from the health crisis and its social and economic impact, as well as with the process of rekindling growth.
Information technology will be considered in each strategic area and the crosscutting issues of gender, diversity, environmental sustainability, climate change adaptation, and institutional strengthening will be addressed.
Our Team on The Ground
Address: Calle 50 con calle Elvira Méndez, Edificio Tower Financial Center (Towerbank), piso 23. Panama, Panama
Mailing Address: Apartado postal: 0816-02900 zona 5 Panama, Panama
(T) (507) 206-0900
Executive Director: Gustavo Tarre Briceno
ALTERNATE EXECUTIVE DIRECTOR(S):
- Carlos Alberto Vallarino Rangel
ELECTED BY: Panama and Venezuela
Total Contribution: 16,366,500
Number of votes: 64,649
of the institution's ownership
Videos available in Spanish
Panama is one of the founding member countries of the IDB. Like all the shareholders, Panama appoints a Governor, who represents the country on the Board of Governors.
For day-to-day business at the Bank's Headquarters in Washington, D.C., Panama is represented by a chair on the Board of Executive Directors. The chair, shared with Venezuela, is headed by an Executive Director, who is elected to a three-year term by the Governors of Panama and Venezuela.
Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.
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