WASHINGTON, June 9, 2020 – The World Bank Board of Executive Directors today approved financing for the following project:
Maldives: COVID-19 Emergency Income Support Project
IDA Credit: $6.40 million
IDA Grant: $6.40 million
Project ID: P174014
Terms: Maturity= 40 years; Grace period= 10 years
Project Description: The project will mitigate the economic impact of the COVID-19 crisis on workers and their families, and increase the capacity of social protection programs to respond to future emergencies.