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World Bank lends Panama $55 million for efficiency programs

03/11/2011 By Panama Eric

(prensa.com) The World Bank has approved a loan of $55 million to Panama to improve the “efficiency” of its public sector, banking officials announced Thursday.

The loan, funded over 25 years, will seek “to improve the efficiency of the Panamanian public sector.” The money will be used to help the government implement efficiency programs and prepare budgets.

“The objective is to assist public bodies of Panama in the production, use and dissemination of information that is timely and performance-based,” said Felipe Jaramillo, director of the World Bank for Central America.

“These efforts should lead to a more efficient, transparent and accountable use of public funds,” he added.

Filed Under: Panama Travel Tagged With: Panama Economy

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