World Bank Considers New Loan for Panama

The World Bank’s board of directors is set to discuss this week a $100 million policy loan designed to support Panama’s efforts to improve tax collection, strengthen social programs and boost corporate regulation against tax evasion.

Ahead of the board of directors’ meeting, World Bank President Robert Zoellick and Panamanian President Ricardo Martinella met in Washington, D.C., to discuss the country’s economic performance and the bank’s continued support for Panama’s development.

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About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.