The general objective of the programmatic series is to promote the sustainable and inclusive economic growth of Panama through improving the competitiveness, sustainability and resilience of the Panamanian tourism sector. The specific objectives are: (i) to improve the effectiveness of public policies and the socioeconomic impact of sector investment; (ii) strengthen the diversification of Panamanian tourism products; and (iii) strengthen the governance, sustainability, resilience, inclusiveness and gender equality of the Panamanian tourism sector.
The present operation is the first in a programmatic series in support of policy reforms, to be made up of two contractually independent and technically linked loans. This first operation is for US$200 million from the Ordinary Capital.
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).