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... Show More

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

Project ID
P114463
Status
Closed
Team Leader
Zahid Hussain
Borrower 2
N/A

Country
Maldives
Disclosure Date
December 9, 2009
Approval Date
(as of board presentation)
March 4, 2010
Effective Date
April 1, 2010

Total Project Cost 1
US$ 13.50 million
Implementing Agency
N/A
Region
South Asia
Fiscal Year 3
2010

Commitment Amount
US$ 13.50 million
Environmental Category
N/A
Last Update Date
June 7, 2022
Closing Date
June 30, 2010

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy12%
- FY17 - Fiscal sustainability4%
- FY17 - Public Expenditure Policy4%
- FY17 - Tax policy4%
FY17 - Macro-financial policies12%
- FY17 - External Finance4%
- FY17 - Macroeconomic Resilience4%
- FY17 - Monetary and Credit Policies4%

FY17 - Private Sector Development

FY17 - Jobs100%
FY17 - Public Private Partnerships10%

FY17 - Public Sector Management

FY17 - Data Development and Capacity Building25%
- FY17 - Data production, accessibility and use25%
FY17 - Public Administration25%
- FY17 - Transparency, Accountability and Good Governance25%
FY17 - Public Finance Management25%
- FY17 - Public Expenditure Management25%

Project Map

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