He Investment Map “Transparent Management Panama”aims to improve information management and promote transparency and efficiency of public investments.
He presented this new digital platform Ministry of Economy and Finance (MPEG)in cooperation with National Budget Office and support from Inter-American Development Bank (IDB).
In the presentation of the technological tool, the minister of MINGORP, Hector Alexanderstated that the Government of Panama is joining an initiative that enables it to implement the Investment Map promoted by the IDB and financed by the Transparency Fund (AAF), whose donors are Norway, Canada, Italy, Sweden and MasterCard. In addition, it has the technology support of Microsoft, in the application, analytical tools and cloud services.
“We welcome this initiative, which he leads Innovation in the service of the Citizens’ Section (ICS) of the IDBin cooperation with the governments and local entities of the countries”, emphasized Alexander.
The minister pointed out that Panama welcomes and accepts Investment mapas a tool that offers adequate and focused access to public information, crucial for citizens in monitoring the activities of state institutions.
It also facilitates the monitoring and accountability of citizens, representing a powerful instrument for detecting and helping to deter corrupt activities, since corruption reduces the effectiveness of public projects.
Alexander emphasized that the Investment card that has a name “Transparent management of Panama”aims to reduce the costs that citizens and public officials have to monitor the public use of resources, allowing them to consult georeferenced information and data on investment projects.
He emphasized that the public investment cycle, from the allocation of funds to the use of funds, will be available online.
In addition to being citizen-centric, the platform provides an internal dashboard for public officials and decision makers. In this way, the possibility of arbitrary distribution of funds by officials is to be reduced.
“We are sure that the tool “Transparent Management Panama” will influence the state’s capacity for efficient allocation and use of resources at the territorial level, while improving citizen oversight, which will promote the trust of the population in the state administration, concluded Alexander.
For her part, the head of the Sector for Development Institutions of the IDB, Susana Cordeiro Guerrahe said that the “Investment Map” helps to strengthen institutional capacities from the process of building cooperation between government actors and civil society. The approach is based on a practical approach that emphasizes contextual needs, flexibly adapting to countries.
It should be noted that Panama has become the ninth country in the region to launch the Investment Map platform to the public, adding that Argentina, Colombia, Costa Rica, Jamaica, Paraguay, Peru, Dominican Republic and Honduras.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
