Second SCD identifies views on development opportunities, challenges
October-November

The World Bank conducted its second Systematic Country Diagnostic (SCD) in Maldives. The SCD process began in October with the launching of online public consultations aimed at gathering views from the Maldivian public on what they think are the most important issues and opportunities facing the country and how these can be addressed.

The online surveys, carried out in English and Dhivehi for a two-month period, were complemented by focused group discussions with representation from public and private sectors, as well as civil society organizations. The focused group discussions took place in capital Male’, as well as Addu city in the south and the island of Kulhudhuffushi in the north.

The outcomes of the consultations will be reflected in the next Country Partnership Framework, which will not only reflect the investments proposed but also how they will be addressed. 

 

Executive Directors discuss development priorities
November

World Bank Executive Directors met with His Excellency President Ibrahim Mohamed Solih and Hon. Minister of Finance Ibrahim Ameer in Male, Maldives to discuss development priorities.

A delegation of the World Bank Executive Directors (EDs) visited Maldives in early November, to directly experience the progress and results of the World Bank-supported projects in the archipelago. During their visit, the 12-member delegation met with His Excellency the President Ibrahim Mohamed Solih, Hon. Mohamed Nasheed, Speaker of the Parliament, Hon. Ibrahim Ameer, Minister of Finance and Hon. Abdulla Sodiq, Mayor of Addu City. Discussions focused on development opportunities and key constraints, with a focus on macro-fiscal issues, as well as opportunities for private sector investments.

The EDs visited capital Male’ and its suburb, Hulhumale, as well as the southernmost atoll of Addu, where they engaged in a dialogue with the Women’s Development Council of Addu and environmental NGO Parley Maldives. Read more about visit here.

 

World Bank projects approved in 2019

Enhancing Employability and Resilience of Youth Project

This project is helping Maldives:

  • accelerate human capital accumulation
  • increase employment opportunities for young people
  • promote equitable economic and social progress
  • improve female labor-force participation by fostering new skills development, such as programming bootcamps to empower young women to pursue home-based work in ICT-related services

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Approved Date: June 14, 2019
Total cost: USD 20 million (USD 10 million grant and USD 10 million credit from the International Development Association)
Implementing Agency: Ministry of Higher Education and Ministry of Economic Development

 

Development Policy Financing with a Catastrophe Deferred Drawdown Option (Cat DDO) and Pandemic Emergency Financing (PEF) Facility

This quick disbursing source of financing – the first Cat DDO by a South Asian country that is linked with the new pandemic emergency financing – will help the Maldives enhance:

  • financial capacity to effectively manage the human, physical and fiscal impact of climate change, natural disasters and diseases
  • the government’s ability to take immediate response, relief and recovery activities following a disaster or an emergency, including health.

Approved Date: July 1, 2019
Total cost: USD 10 million (USD 5 million grant and USD 5 million credit from the International Development Association)

 

Maldives First Fiscal Sustainability and Budget Credibility Development Policy Financing Operation

This project focuses on:

  • improving the policy framework for enhancing sustainability of public finances
  • strengthening the policy framework to increase budget credibility

This facility is complemented by the Cat DDO.

Approved Date: July 1, 2019
Total cost: USD 20 million (USD 10 million grant and USD 10 million credit from the International Development Association)

 

 

 

Fonte: http://www.worldbank.org/en/news/feature/2019/12/27/year-in-review-forty-years-partnership-prosperity

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