COVID-19 Emergency Income Support Project

Abstract*

The proposed project would have three components and aim to achieve its PDO by (a) providing emergency cash transfers to individuals who have lost their jobs or income sources as a result of the COVID-19 crisis; (b) reinforcing the social protection policy framework by developing a new contributory unemployment insurance scheme, harmonizing social assistance programs, and improving pension schemes; and (c) enhancing social assistance policy and delivery... Show More

Development Objective

The Project Development Objective (PDO) is to mitigate the economic impact of the COVID-19 crisis on workers and their families, and to increase the capacity of social protection programs to respond to future emergencies.

Key Details

Project Details

Project ID
P174014
Status
Closed
Team Leader
Francesca Lamanna
Borrower 2
Republic of Maldives

Country
Maldives
Disclosure Date
May 18, 2020
Approval Date
(as of board presentation)
June 9, 2020
Effective Date
June 26, 2020

Total Project Cost 1
US$ 34.40 million
Implementing Agency
Ministry of Economic Development,Ministry of Higher Education, Labor, and Skills Development
Region
South Asia
Fiscal Year 3
2020

Commitment Amount
US$ 34.40 million
Environmental Category
N/A
Environmental and Social Risk
Moderate
Closing Date
December 31, 2023

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
June 28, 2024

Associated Projects
P175542

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 change1%
- FY17 - Adaptation1%

FY17 - Human Development and Gender

FY17 - Disease Control100%
- FY17 - Pandemic Response100%
FY17 - Gender6%

FY17 - Private Sector Development

FY17 - Jobs94%

FY17 - Social Development and Protection

FY17 - Social Protection100%
- FY17 - Social Insurance and Pensions6%
- FY17 - Social Safety Nets94%
- FY17 - Social protection delivery systems6%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	6.40
IDA Grant	28.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	34.40
IBRD + IDA Commitment	34.40

Lending Instrument
Grant Amount	N/A
Total Project Cost**	34.40

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

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jan 25, 2021	IDA-D7660	Loan Commitment	21,600,000.00
Nov 30, 2020	IDA-D6650	Loan Disb	2,275,000.00
Jun 9, 2020	IDA-D6650	Loan Commitment	6,400,000.00
May 15, 2024	IDA-66930	Int Charges	132.16
May 15, 2024	IDA-66930	Int Charges	132.16
May 15, 2024	IDA-66930	Int Charges	22,778.44
May 15, 2024	IDA-66930	Int Charges	22,778.44
Nov 15, 2023	IDA-66930	Int Charges	197.24
Nov 15, 2023	IDA-66930	Int Charges	197.24
Nov 15, 2023	IDA-66930	Int Charges	22,698.13
Nov 15, 2023	IDA-66930	Int Charges	22,698.13
Nov 21, 2023	IDA-D7660	Loan Disb	818,564.44
Jun 9, 2023	IDA-D7660	Loan Disb	2,092,439.80
Oct 31, 2022	IDA-D6650	Loan Cancel	419,052.97
Oct 26, 2022	IDA-D6650	Loan Disb	-393,931.72
Oct 26, 2022	IDA-66930	Loan Disb	-16,256.86
May 15, 2023	IDA-66930	Int Charges	364.20
May 15, 2023	IDA-66930	Int Charges	364.20
May 15, 2023	IDA-66930	Int Charges	22,911.67
May 15, 2023	IDA-66930	Int Charges	22,911.67
May 15, 2023	IDA-66930	Int Charges	-30.73
May 15, 2023	IDA-66930	Int Charges	30.73
Nov 15, 2022	IDA-66930	Int Charges	838.17
Nov 15, 2022	IDA-66930	Int Charges	838.17
Nov 15, 2022	IDA-66930	Int Charges	21,512.39
Nov 15, 2022	IDA-66930	Int Charges	21,512.39
Oct 31, 2022	IDA-66930	Loan Cancel	140,961.33
Nov 15, 2021	IDA-66930	Int Charges	992.91
Nov 15, 2021	IDA-66930	Int Charges	992.91
Nov 15, 2021	IDA-66930	Int Charges	24,249.54
Nov 15, 2021	IDA-66930	Int Charges	24,249.54
May 15, 2022	IDA-66930	Int Charges	378.56
May 15, 2022	IDA-66930	Int Charges	378.56
May 15, 2022	IDA-66930	Int Charges	22,590.95
May 15, 2022	IDA-66930	Int Charges	22,590.95
Jun 29, 2022	IDA-D7660	Loan Disb	3,400,000.00
Dec 3, 2020	IDA-66930	Loan Disb	5,675,000.00
Aug 25, 2020	IDA-D6650	Loan Disb	1,552,004.10
Aug 25, 2020	IDA-D6650	Loan Disb	209,125.23
Aug 19, 2020	IDA-D6650	Loan Disb	2,360,500.00
Jun 21, 2021	IDA-D7660	Loan Disb	1,697,262.00
Mar 30, 2021	IDA-66930	Loan Disb	925,000.00
Mar 29, 2021	IDA-D7660	Loan Disb	13,169,105.00
Apr 6, 2021	IDA-D6650	Loan Disb	250,000.00
May 15, 2021	IDA-66930	Int Charges	19,043.04
May 15, 2021	IDA-66930	Int Charges	19,043.04
Jun 9, 2020	IDA-66930	Loan Commitment	6,400,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Satisfactory	2023-12-19
Overall Implementation Progress (IP)	Satisfactory	2023-12-19
Progress towards achievement of PDO	Highly Satisfactory	2023-12-19
Procurement	Satisfactory	2023-12-19
Project Management	Highly Satisfactory	2023-12-19
Monitoring and Evaluation	Highly Satisfactory	2023-12-19

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-28-2024
Outcomes	Highly Satisfactory
Risk to Development Outcome
Bank Performance	Highly Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-05-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Highly Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Beneficiaries of social safety net programs - Female Value 0.00 1339.00 0.00
Date
Comment
Beneficiaries of social safety net programs - self-employed female Value 0.00 8064.00 6500.00
Date April 1, 2020 November 30, 2023 December 12, 2022
Comment
Cash transfers paid to eligible beneficiaries during pandemic (person months) Value 0.00 97344.00 95000.00
Date April 30, 2020 November 30, 2023 December 12, 2022
Comment
Cash transfers paid to eligible female beneficiaries during pandemic (person months) Value 0.00 35180.00 33000.00
Date April 30, 2020 November 30, 2023 December 12, 2022
Comment
Beneficiaries of social safety net programs Value 0.00 27104.00 24000.00
Date April 1, 2020 November 30, 2023 December 12, 2022
Comment
Island councils with access to NSPA SPIS to view and update records Value 0.00 85.00 0.00
Date April 1, 2020 November 30, 2023 December 12, 2022
Comment
National Social Protection Framework formally approved by competent authority Value No Yes
Date April 1, 2020 November 30, 2023 December 12, 2022
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Time to receive first payment after application Value 0.00 4.00 4.00
Date July 9, 2020 November 30, 2023 June 30, 2021
Comment
National Social Protection Framework drafted and presented to competent authority Value No Yes Yes
Date May 27, 2020 November 30, 2023 June 30, 2021
Comment
Grievances addressed within 2 weeks Value 0.00 100.00 80.00
Date April 1, 2020 November 30, 2023 June 30, 2021
Comment
Unemployment insurance program designed and presented to competent authority Value No Yes Yes
Date May 27, 2020 November 30, 2023 June 30, 2021
Comment
Beneficiary records stored and accessible in SPIS Value 0.00 100.00 90.00
Date April 1, 2020 November 30, 2023 June 30, 2021
Comment
Program for reforms to pension programs drafted and presented to competent authority Value No Yes Yes
Date May 27, 2020 November 30, 2023 June 30, 2021
Comment
Beneficiary satisfaction with COVID-19 Support Allowance enrollment and payment processes Value 0.00 92.00 75.00
Date April 1, 2020 November 30, 2023 June 30, 2021
Comment
Improvements to SPIS completed and tested Value No Yes No
Date May 27, 2020 November 30, 2023 June 30, 2021
Comment
Number of beneficiaries enrolled in apprenticeships Value 0.00 153.00 150.00
Date July 13, 2021 November 30, 2023 December 12, 2022
Comment
Number of beneficiaries trained Value 0.00 3508.00 0.00
Date July 13, 2021 November 30, 2023
Comment

Beneficiaries of social safety net programs - Female	Value	0.00	1339.00	0.00
	Date
	Comment

Grievances addressed within 2 weeks	Value	0.00	100.00	80.00
	Date	April 1, 2020	November 30, 2023	June 30, 2021
	Comment

Number of beneficiaries trained	Value	0.00	3508.00	0.00
	Date	July 13, 2021	November 30, 2023
	Comment

Island councils with access to NSPA SPIS to view and update records	Value	0.00	85.00	0.00
	Date	April 1, 2020	November 30, 2023	December 12, 2022
	Comment