170,000
Professionals from public and private sectors trained or assisted in economic integration
45
Regional, sub-regional and extra-regional integration agreements and cooperation initiatives supported.
SDG 17
Partnerships for the goals
Stories that impact the region
Supporting Logistics Improvements in Panama
Strong transport infrastructure and logistics services are important facilitators of international trade. They are particularly critical in Panama given its role as a logistics hub within Mesoamerica. Since 2014, the IDB has approved three Policy-Based Loans aimed at implementing reforms in the transport and logistics sector to address lagging customs clearance times, suboptimal use of infrastructure, and an institutional framework that was not fully aligned with regional integration protocols. The third loan in this series focused specifically on consolidating the institutional framework for transport and logistics and strengthening planning and trade facilitation processes.
50%
reduction of the average customs clearance time at the Paso Canoas after the Support For Panama's Transport and Logistics Sector Reform Program (PN-L1151).