The World Bank granted a $100-million loan to Panama to strengthen international tax transparency, financial integrity and tax management, and improve social assistance and education programs.

The Ministry of Economy and Finance reported that the loan was signed by the Acting Minister of Economy and Finance, Gustavo Valderrama, and by the Country Manager of the World Bank, Abel Caamaño.

This $100-million loan agreement will finance "the Third Shared Prosperity Development Policy," the ministry said in a public statement.

The resources will support Panama to "continue advancing" in the development objectives referred to the "strengthening of the frameworks for international tax transparency, financial integrity and tax management".

The resources are also to "strengthen the institutional arrangements to support inclusion in social assistance and education, as well as improve the regulatory framework and sustainability in the energy sector," according to official information.

Date | Fecha: July 21, 2018

Source | Fuente: Panama Today