CAF will provide technical cooperation for priority projects for Panamanian development

Enrique Garcia, the Executive President of CAF, Development Bank of Latin America, ratified the Institution's commitment to the comprehensive development of the country on his visit to Panama to sign seven technical cooperation agreements for a total amount of USD 545,650 million. The resources will be aimed at institutional strengthening, improvement of the aqueduct, energy, the environment, logistics, and the promotion of labor public policies. 

Once these agreements have been signed, the financial institution will support the .

Regarding Water and Sanitation, the funds will be allocated to the pre-investment stage for tehcnical assistance in the development of a conceptual pre-design and help in the bidding processes of the projects that will be carried out within the National Program for Aqueducts and Sewage Systems of Panama (PAYSAN, for its acronym in Spanish).

Regarding the environment, the agreement was signed with the Foundation for the Conseration of Natural Resources (NATURA), to support the project, Marketing of Coffee in the Sub-basins of Ciri and Trinidad, which seeks to strengthen the productive and entrepreneurial skills and talents of the members of the Association of Coffee Producers of the Sub-basins of Ciri and Trinidad of the Panama Canal (ACACPA, for its acronym in Spanish).

In the area of sustainable development, the Baru Region in the Western Province of Chiriqui will benefit from the project "Consultancies for the Design of the Master Plan for the Comprehensive and Sustainable Development of the Baru District 2040", organized by the Ministry of Public Safety, which will promote sustainable development through institutional strengthening, social inclusion, and productive development. 

The resources will also allow the Panamanian Maritime Authority to create a business model for the Puerto Armuelles project in the Province of Chiriqui, by financing a study that will allow for the development of a feasible model for the promotion of private investment in the dry, intermodal canal between Puerto Armuelles on the Pacific, and Puerto Complementario on the Atlantic.