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.