Panama Canal Locks in Funds

Panama Canal Locks in Funds

Panama

The IFC has approved a $300m 20-year loan to the Panama Canal Authority’s (PCA) expansion project. The PCA said in October that it would borrow $2.3bn from 5 multilaterals, clinching the funds as other infrastructure projects in the region see delays. “Multilaterals are very liquid, and they can play a role in making sure infrastructure financing doesn’t completely disappear this year or next year,” Vincent Gouarne, the IFC’s director for subnational finance, tells LatinFinance. “They will have

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