Maldives- DRM Dev. Policy Financing with Catastrophe Deferred Drawdown Option and Pandemic Emergency (WB-P163939)

Countries
  • Maldives
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Maldives
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 12, 2019

Disclosed by Bank Dec 22, 2017


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Project Description

The proposed project aims to enhance the Maldives financial capacity to effectively manage the human, physical and fiscal impact of climate change, natural disasters and disease outbreaks.

Investment Description
  • World Bank (WB)
Contact Information
World Bank
Armando Eduardo Guzman Escobar, Francisca Ayodeji Akala, Rocio Schmunis
Senior Disaster Risk
Management Specialist

Borrower/Client/Recipient
Government of the Maldives, Ministry of Finance
Ahmed Munawwar
Minister of Finance and Treasury
Implementing Agencies
Ministry of Finance


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