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Second Programmatic Development Policy Loan

Resumen*

Objective of the Second Programmatic Fiscal Management and Efficiency of Expenditures Development Policy Loan Project for Panama is to support the Government of Panama in creating fiscal space and strengthening social transfer programs. The operation supports four areas that are central to the Government's reform program: (1) tax reform will support the Government's tax policy and administration reforms and its improvements in international tax information...

* El resumen del proyecto es elaborado sobre la base del documento de evaluación inicial, el informe de evaluación inicial preparado por el personal o el documento del programa y es posible que no refleje exactamente la índole actual del proyecto.

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Objetivo de desarrollo

The Program Development Objective of the DPL series is to support the Government of Panama in creating fiscal space and strengthening social transfer programs. This is expected to be reached via the following specific objectives: (i) mobilize tax revenue through tax policy and administration reform; (ii) improve tax information sharing; (iii) increase the efficiency of debt management; (iv) expand and improve targeting of social transfer programs. The operation is envisaged in the Country Partnership Strategy.

Llave Detalles

Proyecto Detalles

  • P127332

  • Closed

  • Friederike N. Koehler-Geib

  • N/A

  • Panamá

  • 27 de noviembre de 2012

  • (a partir de la presentación ante el Directorio)

    26 de marzo de 2013

  • 18 de julio de 2013

  • US$ 100.00 millones

  • Ministry Of Economy and Finance

  • América Latina y el Caribe

  • 2013

  • US$ 100.00 millones

  • N/A

  • 16 de agosto de 2023

  • 30 de junio de 2014

  • BANK APPROVED

  • P123255

  • Notes

Finanzas

Financiamiento (millones de US$)

No hay datos disponibles.
Entidad De Financiamiento Compromisos
International Bank for Reconstruction and Development 100.00

Financiamiento total del proyecto (millones de US$)

Línea de productos BIRF/AIF
Compromiso del BIRF 100.00
Compromiso de la AIF No Disponible
Compromiso del BIRF + AIF 100.00
Instrumento de Financiamiento
Monto a título de donación No Disponible
Costo total del proyecto** 100.00

Resumen del financiamiento del Banco Mundial (millones de US$) al 28 de febrero de 2025

Exportar:
No hay datos disponibles.
Entidad De Financiamiento Fecha De Aprobación Fecha De Cierre Principal Desembolsado Reembolsos Intereses Y Cargos

Actividad financiera detallada al 28 de febrero de 2025

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No hay datos disponibles.
Período Entidad De Financiamiento Tipo De Transacción Monto (US$)

Footnotes

Ratings

CALIFICACIONES DE LA EJECUCIÓN

Name Review Date
Program Management Satisfactory 2014-02-12
Progress towards achievement of PDO Satisfactory 2014-02-12
Monitoring and Evaluation Satisfactory 2014-02-12
Overall Implementation Progress (IP) Satisfactory 2014-02-12

CALIFICACIONES DE LA TERMINACIÓN

INDICADORINFORME DE LA TERMINACIÓN DE LA EJECUCIÓN Y DE RESULTADOS: 08-26-2016
ResultadosModerately Satisfactory
Riesgo para los resultados de desarrolloModest
Desempeño del BancoSubstantial
Desempeño del prestatarioModerately Satisfactory
Desempeño del GobiernoModerately Satisfactory
Organismo EjecutorModerately Satisfactory

CALIFICACIONES DE EVALUACIONES INDEPENDIENTES

INDICADORREVISIÓN DEL ICR: 05-02-2022INFORME DE LA EVALUACIÓN DEL DESEMPEÑO DEL PROYECTO: 12-07-2016
Calificación De Los ResultadosSatisfactory Moderately Satisfactory
Riesgo Para Los Resultados De DesarrolloNot Applicable/not RelatedModest
Desempeño Del BancoModerately SatisfactoryModerately Satisfactory
Desempeño Del PrestatarioNot Applicable/not RelatedModerately Satisfactory
Desempeño Del GobiernoModerately Satisfactory
Organismo EjecutorModerately Satisfactory
Calidad Del IfeSubstantial
Calidad De SyeSubstantial

Marco de resultados

INDICADORES DE OBJETIVOS DE DESARROLLO DE PROYECTOS

INDICATORLÍNEA DE REFERENCIAEN CURSOOBJETIVO

INDICADORES DE RESULTADOS INTERMEDIOS

INDICATORLÍNEA DE REFERENCIAEN CURSOOBJETIVO
  • Central government agencies and all others subject to Law 22 and its modifications use framework agreements and the number of catalogue items procured under those framework agreements is increased.Valor2452.006622.007300.00
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarThe number of products covered by framework agreements amounted to 2452 in 2009.The number of products covered by framework agreements amounted to 6622 in 2013.
  • The medium-term debt management strategy is published and revised annually and corresponding debt evaluation reports compare the evolution of risk indicators with the targets in the strategy in 2014.Valor
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarNo formal debt management strategy in place.The Government, through the MEF has approved the organizational structure of the Crédito Público, including the functions andresponsibilities for each of its internal units. The Government through MEF has adopted a plan for domestic debt market developmentincluding: (i) the adoption of a policy and issuance of regulation for the promotion and functioning of the primary dealersprogram; and (ii) the modification of the contracts with international credit rating agencies to have domestic sovereign bondsrated.
  • The proxy means test is in use to select all households that enter in the Red de Oportunidades CCT program.Valor0.000.00100.00
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarThe proxy means test used to determine eligibility has been revised this year to more accurately reflect poverty conditions. Itwill be implemented in 2014, fulfilling the medium term outcome indicator of using the revised proxy means test to select allhouseholds that enter the program. Moreover, the Government is currently conducting a targeting assessment of Red de Oportunidadesand results are expected by May 2014.
  • The LTU covers at least 55 percent of total tax collection in 2014.Valor0.000.0055.00
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarThe Government, through the MEF, has created the LTU within the DGI and has made it operational through: 1) the identification of72 Large Taxpayers; 2) the selection and training of ten (10) tax auditors to carry out audits of large taxpayers; and 3) thepreparation by DGI of an action plan to be implemented by the LTU in 2013 to increase tax collection from Large Taxpayers.
  • ITBMS revenue increased by at least 1 percentage point of GDP.Valor2.103.303.30
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarData for the whole year is estimated.
  • Central Government tax revenue as a share of GDP is at least 13 percent in 2014.Valor11.0011.6013.00
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarData for the whole year is estimated. [The tax revenue as a share of GDP for 2012 has been revised to 12.2 from 13.0, as it waspreviously reported.]
  • Increased ability of MIDES to conduct recertification of beneficiaries (evidenced by resolution and recertification strategy of 100a los 70) in 2014.Valor
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarNo tools to conduct recertification.The Government through MIDES has adopted a policy and issued regulations for the better targeting of beneficiaries of the 100 alos70 program including provisions (i) to verify compliance with beneficiaries’ co-responsibilities and processes for entry to andexitfrom said program; (ii) to incorporate beneficiaries in the Registro Único de Beneficiarios; and (iii) to formally incorporatethe Secretaría Ejecutiva del Programa 100 a los 70 into MIDES.
  • Percentage of children from the poorest quintile who receive Beca Universal.Valor0.000.0070.00
    Fecha31 de diciembre de 200931 de diciembre de 2014
    Comentar
  • Panama has signed 12 tax information exchange agreements and has exchanged information as requested.Valor0.009.0012.00
    Fecha31 de diciembre de 200931 de diciembre de 201331 de diciembre de 2014
    ComentarTax information is not shared with any countryPanama has signed 9 tax information exchange agreements and responded to 21 information requests.