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LOANS & CREDITS

Indonesia - Coral Reef Rehabilitation and Management Program - Coral Triangle Initiative (COREMAP-CTI) Project

Media Contacts

Washington DC, February 21, 2014—The World Bank's Board of Executive Directors today approved the following project.

Global Environment Facility Grant: US $10 million|
IBRD Loan: US $47.38 million equivalent 
Terms: Maturity = 19.5 years, Grace = 9 years

Project ID: P127813

Project Description: The objective of the project is to institutionalize the COREMAP approach of a viable, decentralized and integrated framework for sustainable management of coral reef resources, associated eco-systems and bio-diversity for the welfare of the communities in seven selected districts of five provinces in the country.