Strengthening of the Guarantee Fund of Panama

implementation

The objective of this Technical Cooperation (TC) is to foster the institutional capacity of the Panama Guarantee Fund, the executing unit for Micro, Small and Medium-sized enterprises (MSMEs)'s financing projects of the National Bank of Panama (BNP, by its acronym in Spanish), to bolster its operations and techniques to increase access to financing for Panamanian companies. This objective includes adapting the Fund's technology platform, which allows for approving and processing a greater number of guarantees associated with loans for MSMEs. It also includes support to strengthen human resources to generate the installed capacity to achieve a greater reach and impact of the guarantees used by local commercial banks.