CABEI support for water, research, health and road infrastructure initiatives benefiting more than four million Panamanians
Recently approved cooperation in the areas of mobility and road infrastructure total US$3.6 million.
Panama City, July 30, 2021.- The execution of projects financed by the Central American Bank for Economic Integration (CABEI) in Panama remains active despite the crisis generated by the COVID-19 pandemic. A total of US$1.16 billion is earmarked to support the government's efforts to consolidate economic reactivation, the health system, and improve the quality of life of more than four million people.
CABEI's projects in Panama include some related to health and research, which will have a national and regional impact through the construction and equipping of the Gorgas Memorial Institute, a Development Policy Operation in Response to the Pandemic and Recovery of Growth in Panama, and a sanitation program for the benefit of the cities of Arraiján and La Chorrera, among others.
This was confirmed in a virtual conversation with the Panamanian press by CABEI Executive President, Dr. Dante Mossi, who mentioned: "Each initiative that CABEI promotes shows the high commitment we have to continue supporting Panama in its sustainable development. For example, the projects approved in 2020 alone are expected to have a positive impact on more than 613,000 people through different social programs, the development of five emergency assistance initiatives, as well as the generation of jobs.
In the first half of this year, CABEI has approved non-reimbursable technical cooperation totaling US$3.6 million, one for the studies of Metro Line 5, which will benefit close to 1.9 million Panamanians, another for strengthening the PPP (Public-Private Partnership) system in the country, as well as specialized advice on PPP transactions for the David North Corridor Highway Project, in which CABEI was designated by the Panamanian Ministry of Public Works as the specialized advisor for its development.
Panama has been a member state of CABEI since November 28, 2006 and is listed under the category of Non-Founding Regional Member following an increase in share capital in 2016.