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LOANS & CREDITS February 27, 2020

Maldives Urban Development and Resilience Project

WASHINGTON, February 27, 2020 - The World Bank’s Board of Executive Directors today approved the following project:

Maldives Urban Development and Resilience Project

IDA Grant: $8.25 million

IDA Credit: $8.25 million

Credit Terms: Maturity = 40 Years, Grace = 10 Years

Project ID: P163957

Project Description: The project aims to improve resilient infrastructure and urban planning in selected cities in Maldives and strengthen the Government’s capacity to provide effective response to disasters.


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