Maldives Capacity Building Technical Assistance Project (WB-P171185)

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
C
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.
Voting Date
Oct 10, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Maldives
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 29, 2019

Disclosed by Bank Aug 3, 2019


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Project Description

According to bank documents, "The development objective is to strengthen the coordination and capacity of selected Government institutions to contribute to improved macro fiscal management, and business environment.The selected government institutions include: Ministry of Finance(MoF), Maldives Monetary Authority(MMA), Ministry of National Planning and Infrastructure(MoNP), Ministry of Economic Development(MoED),and the President’s Office(PO)."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Anoma Kulathunga, Senior Financial Sector Specialist

Borrower/Client/Recipient
The Republic of Maldives
Ibrahim Ameer
Minister of Finance
dmd@finance.gov.mv

Implementing Agency
Ministry of Economic Development
Neeza Imad, State Minister for Economic Development
neeza.imad@trade.gov.mv

Maldives Monetary Authority
Ahmed Naseer, Governor
ahmed.naseer@mma.gov.mv

Ministry of Finance
Ibrahim Ameer, Minister of Finance
dmd@finance.gov.mv

President's Office
Aminath Shauna, Secretary -Policy
aminath.shaun@po.gov.mv

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.