In Panama, we support programs to improve road infrastructure, urban mobility, and water and sanitation, as well as commercial and financial relations, institutional strengthening and good environmental practices, through funding initiatives by the state in partnership with private companies and key institutions that result in development, growth, education and inclusion in the country and throughout Latin America. Over the past five years CAF has approved some $2.7 billion in projects, amounting to an average of $553 million per year, or 4.5 percent of the total amount approved. between 2014 and 2018. By the end of 2018, Panama’s loan and investment portfolio reached $1.7 billion, 6.7 percent of CAF's overall loan and investment portfolio.