Panama’s finance ministry signs $400m budget-support loan with IDB
Panama’s Ministry of Economy and Finance signed a B/.400m budget-support loan with the Inter-American Development Bank, the ministry said. Government revenue was B/.1,384.6m below budget in the first half of 2020, while collections from January to June were 38.3% below the planned total.
The loan concerns Panama’s public finances, which the source links to lower government revenue during the pandemic.