Consolidation of the Panama Public Financial Management Information System

The development objective of Consolidation of the Panama Public Financial Management Information System Project is to improve the operational efficiency and quality of information of public financial management in the Republic of Panama. This project has four components. 1) The first component, Consolidating Core Public Financial Management Functions, has the following sub-components: (i) Strengthening PFM governance framework; (ii) Strengthening core PFM processes, methodologies, capabilities, and information systems; and (iii) Improving integration within the PFM ecosystem. 2) The second component, Administrative and Resource Management Functions, has the following sub-components: (i) Strengthening public asset management; (ii) Modernizing government payroll management; (iii) Modernizing customs administration; and (iv) Strengthening public investment management. 3) The third component, Cybersecurity and IT Management, has the following sub-components: (i) Strengthening the MEF’s capabilities to protect information resources; and (ii) Strengthening the MEF’s IT Management capabilities. 4) The fourth component, Fiscal Transparency, Reform Sustainability and Project Management, has the following sub-components: (i) Reform sustainability; (ii) Fiscal transparency; and (iii) Project management.