Aid to Panama:

Status of Emergency Assistance to Revitalize the Economy

NSIAD-91-168: Published: Apr 8, 1991. Publicly Released: Apr 17, 1991.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO provided information on the status of Agency for International Development (AID) funded programs and projects in Panama.

GAO found that: (1) as of February 28, 1991, AID obligated $377.5 million of the $420 million appropriated for assistance to Panama; (2) of that amount, AID obligated $351.8 million for cash transfers under economic recovery and private sector reactivation programs and $25.7 million for development projects and operating expenses; (3) of the $77.9 million AID dispersed, the Panamanian government and AID spent only $41.8 million; (4) reasons for the slow disbursement of funds included the Panamanian government's failure to meet grant agreements, weakened demand for private-sector loans, and undeveloped AID programs; (5) despite the slow infusion of U.S. assistance into the Panamanian economy, its economy grew by 3.4 percent during 1990; and (6) almost all economic sectors, except transportation and government services, experienced increases from the previous year's levels, although the economic output of all sectors except agriculture and domestic services remained below that of 1987.

Mar 28, 2018

Mar 22, 2018

Mar 16, 2018

Mar 8, 2018

Mar 6, 2018

Feb 27, 2018

Feb 14, 2018

Feb 6, 2018

Jan 29, 2018

Dec 14, 2017

Looking for more? Browse all our products here