Maldives Public Financial Management Systems Strengthening Project

Development Objective

The PDO (project development objectives) for the proposed AF is to enhance budget credibility, transparency, and financial reporting of public sector finances. The PDO remains relevant and the likelihood of achieving it remains high in view of the project’s implementation progress, disbursement performance, and results achieved to date.

Key Details

Project Details

Project ID
P164322
Status
Closed
Team Leader
Franck Bessette , Fabian Seiderer
Borrower 2
Ministry of Finance and Treasury

Country
Maldives
Disclosure Date
February 8, 2018
Approval Date
(as of board presentation)
June 7, 2018
Effective Date
N/A

Total Project Cost 1
US$ 12.00 million
Implementing Agency
Ministry of Finance and Treasury
Region
South Asia
Fiscal Year 3
2018

Commitment Amount
US$ 12.00 million
Environmental Category
C
Last Update Date
September 3, 2021
Closing Date
July 31, 2022

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Parent Projects
P145317

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 - Environment and Natural Resource Management

FY17 - Climate change6%
- FY17 - Adaptation6%

FY17 - Public Sector Management

FY17 - Data Development and Capacity Building12%
- FY17 - Data production, accessibility and use12%
FY17 - Public Administration42%
- FY17 - Administrative and Civil Service Reform15%
- FY17 - Public Assets and Investment Management9%
- FY17 - State-owned Enterprise Reform and Privatization18%
FY17 - Public Finance Management46%
- FY17 - Debt Management9%
- FY17 - Public Expenditure Management37%

Project Map

Interactive Map