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Additional Financing for Maritime Investment in Climate Resilient Operations II

Abstract*

The development objective (PDO) of Maritime Investments in Climate Resilient Operations II (MICRO2) is to improve the climate resilience of maritime sector in Tuvalu and in case of an Eligible Crisis or Emergency, respond promptly and effectively to it. MICRO2 is part of the Pacific Climate Resilient Transport Program (PCRTP) Series of Projects (SOP), which has four broad pillars that focus on increasing resilience in the transport sector through:...

* 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

To improve the climate resilience and safety of maritime sector in Tuvalu, and in case of an eligible crisis or emergency, respond promptly and effectively to it.

Key Details

Project Details

  • P181595

  • Active

  • Satoshi Ogita , Myint Kyaw

  • Tuvalu

  • Tuvalu

  • March 25, 2024

  • (as of board presentation)

    May 15, 2024

  • N/A

  • US$ 30.00 million

  • Ministry of Public Works, Infrastructure Development and Water,Ministry of Finance and Economic Development

  • East Asia and Pacific

  • 2024

  • US$ 42.00 million

  • N/A

  • July 14, 2024

  • July 31, 2029

  • Yes

  • BANK APPROVED

  • P177100

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 42.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 42.00
IBRD + IDA Commitment 42.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 30.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.