1. What We Do

Development Policy Credit

Abstract*

This Economic Stabilization and Recovery Program for Maldives supports the new Government's program to stabilize the economy and puts in place some of the key elements needed for a sound recovery. It supports the Government's reforms aimed at restoring fiscal sustainability and its efforts to implement its medium-term strategic action plan (SAP). Both the financing and the policy actions supported by the operation come at a time when there are initial...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The objective is to help the Government of Maldives implement policy and institutional reforms in order to mitigate risks and support robust economic performance over the medium-term. The program will be closely aligned with the 7th National Development Plan.

Key Details

Project Details

  • P114463

  • Closed

  • Zahid Hussain

  • N/A

  • Maldives

  • December 9, 2009

  • (as of board presentation)

    March 4, 2010

  • April 1, 2010

  • US$ 13.50 million

  • N/A

  • South Asia

  • 2010

  • US$ 13.50 million

  • N/A

  • Not Applicable

  • June 30, 2010

  • BANK APPROVED

  • June 7, 2022

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 13.50

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 13.50
IBRD + IDA Commitment 13.50
Lending Instrument
Grant Amount N/A
Total Project Cost** 13.50

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 15, 2020 IDA-46900 Int Charges 44,433.49
May 15, 2021 IDA-46900 Loan Repay 122,289.50
Nov 15, 2021 IDA-46900 Int Charges 1,162.68
Nov 15, 2021 IDA-46900 Int Charges 1,162.68
Nov 15, 2021 IDA-46900 Loan Repay 119,419.05
May 15, 2020 IDA-46900 Int Charges 42.25
May 15, 2020 IDA-46900 Int Charges 42.25
May 15, 2020 IDA-46900 Loan Repay 115,548.15
May 15, 2020 IDA-46900 Int Charges 43,330.56
May 15, 2020 IDA-46900 Int Charges 43,330.56
May 15, 2021 IDA-46900 Int Charges 43,750.77
May 15, 2021 IDA-46900 Int Charges 43,750.77
May 15, 2021 IDA-46900 Int Charges 375.59
May 15, 2021 IDA-46900 Int Charges 375.59
Nov 15, 2020 IDA-46900 Loan Repay 2,194.32
Nov 15, 2020 IDA-46900 Loan Repay 118,490.38
Nov 15, 2020 IDA-46900 Int Charges 44,433.49
Nov 15, 2021 IDA-46900 Int Charges 43,438.64
Nov 15, 2021 IDA-46900 Int Charges 43,438.64
May 15, 2022 IDA-46900 Loan Repay 2,459.84
May 15, 2022 IDA-46900 Loan Repay 110,655.61
May 15, 2022 IDA-46900 Int Charges 40,721.56
May 15, 2022 IDA-46900 Int Charges 40,721.56
Nov 15, 2022 IDA-46900 Loan Repay 106,243.90
Nov 15, 2022 IDA-46900 Int Charges 37,421.38
Nov 15, 2022 IDA-46900 Int Charges 37,421.38
Nov 15, 2022 IDA-46900 Loan Repay 5,613.55
May 15, 2023 IDA-46900 Int Charges 2,477.06
May 15, 2023 IDA-46900 Int Charges 2,477.06
May 15, 2023 IDA-46900 Loan Repay 114,126.10
May 15, 2023 IDA-46900 Int Charges 38,895.50
May 15, 2023 IDA-46900 Int Charges 38,895.50
Nov 15, 2023 IDA-46900 Int Charges 1,317.74
Nov 15, 2023 IDA-46900 Loan Repay 112,739.75
Nov 15, 2023 IDA-46900 Int Charges 38,435.63
Nov 15, 2023 IDA-46900 Int Charges 38,435.63
Nov 15, 2023 IDA-46900 Int Charges 1,317.74
May 15, 2024 IDA-46900 Int Charges 38,806.36
May 15, 2024 IDA-46900 Int Charges 38,806.36
May 15, 2024 IDA-46900 Int Charges 880.30
May 15, 2024 IDA-46900 Int Charges 880.30
May 15, 2024 IDA-46900 Loan Repay 112,482.20
Mar 4, 2010 IDA-46900 Loan Commitment 13,700,000.00
Nov 15, 2014 IDA-46900 Int Charges 272.51
Nov 15, 2014 IDA-46900 Int Charges 272.51
Nov 15, 2014 IDA-46900 Int Charges 46,395.67
Nov 15, 2014 IDA-46900 Int Charges 46,395.67
Nov 15, 2013 IDA-46900 Int Charges 522.43
Nov 15, 2013 IDA-46900 Int Charges 522.43
Nov 15, 2013 IDA-46900 Int Charges 47,895.71
Nov 15, 2013 IDA-46900 Int Charges 47,895.71
May 15, 2014 IDA-46900 Int Charges 285.72
May 15, 2014 IDA-46900 Int Charges 285.72
May 15, 2014 IDA-46900 Int Charges 49,162.41
May 15, 2014 IDA-46900 Int Charges 49,162.41
May 15, 2015 IDA-46900 Int Charges 1,136.04
May 15, 2015 IDA-46900 Int Charges 1,136.04
May 15, 2015 IDA-46900 Int Charges 42,561.71
May 15, 2015 IDA-46900 Int Charges 42,561.71
Nov 15, 2015 IDA-46900 Int Charges 1,404.25
Nov 15, 2015 IDA-46900 Int Charges 1,404.25
Nov 15, 2015 IDA-46900 Int Charges 44,117.55
Nov 15, 2015 IDA-46900 Int Charges 44,117.55
May 15, 2016 IDA-46900 Int Charges 868.95
May 15, 2016 IDA-46900 Int Charges 868.95
May 15, 2016 IDA-46900 Int Charges 43,556.52
May 15, 2016 IDA-46900 Int Charges 43,556.52
Nov 15, 2016 IDA-46900 Int Charges 530.75
Nov 15, 2016 IDA-46900 Int Charges 530.75
Nov 15, 2016 IDA-46900 Int Charges 43,463.16
Nov 15, 2016 IDA-46900 Int Charges 43,463.16
May 15, 2017 IDA-46900 Int Charges 1,186.03
May 15, 2017 IDA-46900 Int Charges 1,186.03
May 15, 2017 IDA-46900 Int Charges 41,832.47
May 15, 2017 IDA-46900 Int Charges 41,832.47
Nov 15, 2017 IDA-46900 Int Charges 682.28
Nov 15, 2017 IDA-46900 Int Charges 682.28
Nov 15, 2017 IDA-46900 Int Charges 45,037.46
Nov 15, 2017 IDA-46900 Int Charges 45,037.46
May 15, 2018 IDA-46900 Int Charges 351.73
May 15, 2018 IDA-46900 Int Charges 351.73
May 15, 2018 IDA-46900 Int Charges 45,172.78
May 15, 2018 IDA-46900 Int Charges 45,172.78
Nov 15, 2018 IDA-46900 Int Charges 43,241.61
Nov 15, 2018 IDA-46900 Int Charges 43,241.61
Nov 15, 2018 IDA-46900 Int Charges 799.12
Nov 15, 2018 IDA-46900 Int Charges 799.12
May 15, 2019 IDA-46900 Int Charges 670.35
May 15, 2019 IDA-46900 Int Charges 670.35
May 15, 2019 IDA-46900 Int Charges 43,391.42
May 15, 2019 IDA-46900 Int Charges 43,391.42
Nov 15, 2019 IDA-46900 Int Charges 319.70
Nov 15, 2019 IDA-46900 Int Charges 319.70
Nov 15, 2019 IDA-46900 Int Charges 43,450.09
Nov 15, 2019 IDA-46900 Int Charges 43,450.09
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-28-2013
OutcomesModerately Unsatisfactory
Risk to Development OutcomeHigh
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Unsatisfactory
Government PerformanceModerately Unsatisfactory
Implementing AgencyModerately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 01-28-2014PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeHighN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceUnsatisfactoryN/a
Government PerformanceUnsatisfactoryN/a
Implementing AgencyUnsatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityModestN/a

Results Framework

No data available.