The Central American Bank for Economic Integration (CABEI) has approved financing for 240 million dollars through a Development Policy Operation (DPO), with the objective of supporting public policy actions that have been developed by the Government of Panama to promote the energy transition as a key element for the decarbonization of the country’s economy.

The policy actions promoted by the operation promote gross capital formation in the national economy through the promotion of electromobility, distributed generation, the promotion of green hydrogen projects and their derivatives, the innovation of the national interconnected system, as well as the rational and efficient use of electrical energy.

Regarding climate action, the initiative seeks to strengthen the strategic framework and the process of decision-making and sustainable planning in public and private investment, both with a long-term vision and a focus on resilience.