WASHINGTON, July 01, 2019 - The World Bank’s Board of Executive Directors today approved the following project:
Maldives: Development Policy Financing with a Catastrophe Deferred Drawdown Option and Pandemic Emergency Financing Facility
IDA Grant: $5 million
IDA Credit: $5 million
Credit Terms: Maturity = 40 Years, Grace = 10 Years
Project ID: P163939
Project Description: The 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.