The government is negotiating four loans totaling $245 million for social investment projects with three multilateral lenders.

In the Quarterly Report: Situation, evolution and risk of public financing in Panama“, four loans with three entities are under negotiation: $50 million with the European Investment Bank, $70 million with the CABEI, and another two for $125 million with the Andean Development Corporation.

Katyuska Correa, director of Public Financing, explained to Prensa.com that “… the investment projects which are referred to are the sanitation of the Bay, which is about to execute a second treatment plant, and an extension of the project of networks and sewers to the west area (Burunga / Arraiján), as well as a laboratory for the Gorgas Memorial Institute.”

“… These loans will be added to those negotiated in the second quarter of the year, totaling $515 million. The balance accumulated by the Republic with multilateral loans amounts to $4.723 billion. The figure is only surpassed by the commitments in global bonds issued in the international markets, which total $12.479 billion.”