World Bank approves $150 mln loan to Panama for green development

The World Bank has approved a $150 million loan to support sustainable growth and climate resilience in Panama, the lender said in a statement on Thursday. The Development Policy Loan (DPL) represents the first of two operations in the Central American country, it added, which are designed to support the energy transition, socially-inclusive growth and sustain capital for resilient growth. The project is also expected to help Panama decarbonize its land transportation, protect its ocean, conserve forests and implement more energy efficient policies, it said. The World Bank has approved a $150 million loan to support sustainable growth and climate resilience in Panama, the lender said in a statement on Thursday. The Development Policy Loan (DPL) represents the first of two operations in the Central American country, it added, which are designed to support the energy transition, socially-inclusive growth and sustain capital for resilient growth.