The Cabinet Council approved this Tuesday resolution 3825, which authorizes the signing of loan number 6055 for development, for an amount of 350 million dollars, with the objective of financially supporting the General State Budget for the 2025 fiscal year and other fiscal periods. According to the resolution, the financing will be directed to the program for improving the pension system of the Social Security Fund (CSS), with the purpose of strengthening the financing of the Disability, Old Age and Death (IVM) Program, expanding coverage, and improving the sufficiency of the benefits granted for retirement. The loan was agreed at a three-month reference rate and with a 20-year term, complying with the guidelines established by the Cabinet Council. With this measure, the government seeks to guarantee the sustainability of the pension system and improve the quality of life for CSS beneficiaries in Panama.
