Support to the Sustainable Development of the Public Utilities Sector (IADB-PN-L1145)

Countries
  • Panama
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Nov 10, 2017


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Project Description
The program's overall objective is to contribute to the sustainability of the energy sector and to increased coverage and improved management of water supply and sanitation (W&S) services, through a series of policy reforms aimed at strengthening and complementing the regulatory and institutional framework of the energy and W&S sectors. The specific objectives are to: (i) improve energy security through energy matrix diversification, energy efficiency, and regional integration; (ii) improve the financial and social sustainability of the energy sector and ease the fiscal burden, by reducing the cost of subsidies in the sector and targeting them more effectively; (iii) strengthen institutions in the areas of energy planning and purchasing; and (iv) improve interagency coordination in the W&S sector, with defined strategic planning and clear assignment of roles in all sector agencies. This loan operation is the first of two operations that are technically linked to each other and financed independently under the programmatic policy-based loan modality.
Investment Description
  • Inter-American Development Bank (IADB)
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).