IDA Credit: US$13.15 Million
TERMS: Maturity = 40 years; Grace Period = 10 years
PROJECT DESCRIPTION: The Environmental Management Project aims to support the Government of the Republic of Maldives development of capacity to effectively manage environmental risks and threats to fragile coral reefs as well as marine habitats resulting from tourism development, increased solid waste disposal, fisheries and global climate change. There are four components to the project. The first component is the regional solid waste management program. The second component is the capacity building for environmental management. The project is designed to at least partly fill the staffing gaps and capacity needs as they relate to the Project itself. The third component is the technical assistance for strengthened environmental management and monitoring and a pilot regional strategic environmental assessment. Finally, the fourth component is comprised of project management and communications.
