In 2025, the National Bank of Panama (Banconal) subscribed to the World Bank's RAMP (Reserve Management Advisory Program) technical advisory program for central banks and public asset management institutions. The main objective of this program is to advise banking entities on managing reserves according to the highest international standards. The entity reported that through this program, Banconal has received highly technical training on various topics related to reserve management, such as strategic fund allocation, credit risk, advanced financial modeling, performance measurement, custody relationships, market risk, among others. Additionally, from December 2nd to 5th, a visit from specialized World Bank personnel was received to address topics of great interest to the institution, such as the importance of gold as a reserve asset, global trends in reserve management, and the results of the biennial survey for central banks. On the part of the World Bank, Keyvan Alekasir, senior financial officer, and Carmen Herrero, financial officer, participated, while on the part of the National Bank of Panama, the visit was led by Milciades Denis, Deputy General Manager of Finance and Treasury, accompanied by members of the Investment Committee and the executive teams of Treasury and Investments, Treasury Control, and Risk Management.
