Panama Partnership for Market Implementation (WB-P179771)

Countries
  • Panama
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Panama
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 1.62 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 17, 2023

Disclosed by Bank Feb 2, 2023

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
<div class="col-lg-10 col-md-12 col-xs-12">According to the World Bank, the proposed project development objective is to support the Government of Panama to develop and pilot carbon pricing and mitigation instruments aligned with national development priorities, including the ATE (<span dir="ltr" role="presentation">enacted by Cabinet Resolution 93 of November 20th, 2020, established a roadmap to</span><br role="presentation" /><span dir="ltr" role="presentation">transition to an affordable, accessible, reliable, safe, sustainable, and low-emissions energy sector)</span>, the PNRTH (<span dir="ltr" role="presentation">Panama&rsquo;s low-emissions development and climate transparency program</span>), and the MNCP.</div>
Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the World Bank, the environmental and social risk of the project is "Moderate".

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank Team Leaders:

Ines Perez Arroyo - Energy Specialist
David Vilar Ferrenbach - Senior Energy Specialist

No contacts available at the time of disclosure.

Implementing Agencies -

National Energy Secretariat:

Jorge Rivera - National Energy Secretary
Phone: +5075279976
Email : jrivera@energia.gob.pa
Website: www.energia.gob.pa

Ministry of Environment of Panama (MiAMBIENTE):

Ligia Castro de Doens - National Climate Change Director
Phone: +5075000855
Email : lcastrod@miambiente.gob.pa
Website: www.miambiente.gob.pa

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works