Country Partnership Framework for the Republic of Panama - FY24-FY28 - World Bank Group partnership roadmap

Jul 19, 2026

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Country Partnership Framework for the Republic of Panama (FY24–FY28) outlines the World Bank Group’s partnership agenda with Panama across the International Bank for Reconstruction and Development, International Finance Corporation, and Multilateral Investment Guarantee Agency. It synthesizes the country’s political, social, and economic context, identifies key development challenges, and sets WBG outcomes and objectives. The framework defines the financial envelope and instruments, portfolio status, fiduciary considerations, monitoring approach, and coordination with development partners, while addressing implementation risks and providing detailed annexes, results matrix, and indicator references.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages104

Reading Time4 h 22 min

Introduction

Country Context and Development Agenda

Recent Political and Social Context

Recent Economic Developments and Outlook

Poverty and Shared Prosperity

Main Development Challenges

World Bank Group Partnership Framework

Government Program and Medium-Term Strategy

Proposed WBG Country Partnership Framework

Outcomes and Objectives Supported by the WBG

Implementing the Country Partnership Framework

Financial Envelope and Instruments

World Bank Group Portfolio Status

Fiduciary Aspects and Country Systems

Monitoring the Country Partnership Framework

Partnerships and Coordination with Development Partners

Managing Risks to the Country Partnership Framework

Annexes

Public Disclosure Authorized Public Disclosure Authorized Pub lic Disc losure Authorized COUNTRY PARTNERSHIP FRAMEWORK for THE REPUBLIC OF PANAMA FOR THE PERIOD FY24‑FY28 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNTRY PARTNERSHIP FRAMEWORK for THE REPUBLIC OF PANAMA FOR THE PERIOD FY24‑FY28 Endorsed by the World Bank Group Board on February 27, 2024 Central America Country Management Unit Latin American and the Caribbean Region The International Finance Corporation Latin American and the Caribbean Region Multilateral Investment Guarantee Agency TABLE OF CONTENTS ABBREVIATIONSAND ACRONYMS 7 1. INTRODUCTION 9 2. COUNTRY CONTEXT AND DEVELOPMENT AGENDA 11 Recent Political and Social Context 12 Recent Economic Developments and Outlook 12 Poverty and Shared Prosperity 14 Main Development Challenges 15 3. WORLD BANK GROUP PARTNERSHIP FRAMEWORK 21 Government Program and Medium‑Term Strategy 22 Proposed WBG Country Partnership Framework 22 Outcomes and Objectives Supported by the WBG 24 4. IMPLEMENTING THE COUNTRY PARTNERSHIP FRAMEWORK 35 Financial Envelope and Instruments 36 World Bank Group Portfolio Status 37 Fiduciary Aspects and Country Systems 37 Monitoring the Country Partnership Framework 39 Partnerships and Coordination with Development Partners 39 5. MANAGING RISKS TO THE COUNTRY PARTNERSHIP FRAMEWORK 41 6. ANNEXES 44 Annex 1. Results Matrix – Panama Country Partnership Framework (FY24‑28) 45 Annex 2. Panama Country Partnership Framework FY15‑21: Completion and Learning Review 58 Annex 3. WBG Response to Covid‑19 in Panama During the Country Partnership Framework Period and Beyond 92 Annex 4. Selected Indicators of Bank Portfolio Performance and Management 94 Annex 5. Operations Portfolio (IBRD/IDA and Grants) 95 Annex 6. IFC Program in Panama 96 Annex 7. MIGA's Guarantee Portfolio 98 Annex 8. Country Partnership Framework Consultations 99 Annex 9. Country Partnership Framework and Partnerships with other Development Actors by HLO 100 COUNTRY PARTNERSHIP FRAMEWORK FOR THE REPUBLIC OF PANAMA FY24-FY28 5 FIGURES Figure 1. Indigenous people in rural areas face high rates of monetary and nonmonetary poverty… 17 Figure 2.…while Indigenous people in urban areas lag other communities on measures of well‑being 17 TABLES TABLE 1. Panama’s Key Macro Indicators 14 TABLE 2. High‑Level Outcomes and Country Partnership Framework Objectives 24 TABLE 3. Risks to CPF Implementation 43 TABLE 4. Summary of CPF Development Outcomes and Outcome Indicator Ratings 61 TABLE 5. Panama Portfolio Performance, FY15–21 70 TABLE 6. Panama: Lending 95 TABLE 7. Panama: Supervision 95 TABLE 8. Panama: Advisory Services and Analytics 95 TABLE 9. IFC Investments in Panama 96 TABLE 10. IFC Advisory Services Portfolio in Panama 97 TABLE 11. IFC Upstream Advisory Portfolio in Panama 97 TABLE 12. Table of Key Development Partner Activities 101 BOXES BOX 1. A Migratory Crisis in the Darien Gap 18 BOX 2. Panama’s Financial Action Task Force Grey List 20 BOX 3. Consultation Process 23 6 COUNTRY PARTNERSHIP FRAMEWORK FOR THE REPUBLIC OF PANAMA FY24-FY28 ABBREVIATIONSAND ACRONYMS AML/CFT ASA CABEI CAT‑DDOCCDR CCT Anti‑Money Laundering and Combating the Financing of Terrorism Advisory Services and Analytics Central American Bank for Economic Integration Catastrophe Deferred Drawdown Option Country Climate and Development Reports Conditional Cash Transfer IDB IFC IMF INEC IOM IPF LAC MDB Interamerican Development Bank International Finance Corporation International Monetary Fund National Institute of Statistics and Census (Instituto Nacional de Estadisticay Censo) International Organization for Migration Investment Project Financing Latin America and the Caribbean Multilateral Development Bank CGR CLR CNDPI C

FAQs

What is the purpose of Panama’s Country Partnership Framework for FY24–FY28?

It sets out the World Bank Group partnership agenda for Panama for FY24–FY28, including supported outcomes and objectives. It also organizes implementation, monitoring, and coordination with other development partners.

Which World Bank Group institutions are involved in the framework?

The framework covers the World Bank Group through the International Bank for Reconstruction and Development, the International Finance Corporation, and the Multilateral Investment Guarantee Agency. It aligns their roles with Panama’s development priorities.

How does the framework plan to manage and monitor implementation?

It defines financial envelopes and instruments, reviews portfolio status, and addresses fiduciary aspects and country systems. It includes monitoring arrangements and details on partnerships and coordination, and it assesses risks to implementation.

Jul 19, 2026

Upload by Logic