WASHINGTON -- The World Bank's Board of Directors approved yesterday a
$75 million loan for Panama to support the Government's public finance
management and reform program. This is the first IBRD operation in a
proposed programmatic series of two Development Policy Loans (DPLs),
which build upon the fiscal year 2007 Public Finance and Institutional
DPL.

"The operation will support selected elements of the Government of
Panama's Strategic Vision, helping the Government advance on
development indicators which it has set for itself," said Jessica
Poppele, Acting Country Director for Central America.
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