World Bank

The World Bank Group (WBG), established in 1944, is a vital source of financial and technical assistance to developing countries around the world. The WBG consists of the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the Multilateral Investment Guarantee Agency (MIGA), and the International Finance Corporation (IFC), of which IDA and IBRD are the two main lending windows. 

Maldives joined the WBG in 1978. WBG support to Maldives has focused on enhancing employment and economic opportunities of Maldivians, strengthening natural resource management and climate resilience, and improving the efficacy of public financial management and policy making .


WBG in the Maldives

YearProjectCurrencyAmount
2020COVID-19 Emergency Income Support ProjectSDR4,700,000
2020Maldives Urban Development and Resilience Project
SDR6,000,000
2020COVID-19 Emergency Response and Health Systems Preparedness Project SDR2,700,000
2019First Fiscal Sustainability and Budget Credibility Development Policy Financing SDR7,300,000
2019Development Policy Financing with a Catastrophe Deferred Drawdown Option
SDR3,700,000
2019Enhancing Employability and Resilience of Youth SDR7,300,000
2018Additional Financing for the Public Financial Management Systems Strengthening Project SDR4,200,000
2010Economic Stabilization and Recovery Credit SDR8,500,000
2009Pension and Social Protection Administration Project
SDR2,598,959
2008Maldives Environment Management Project SDR7,999,863
2008Mobile Phone Banking Project SDR3,766,177
2005Post Tsunami Recovery and Reconstruction Project SDR5,599,677
2004Integrated Human Development SDR6,864,570
2000Third Education and Training Project SDR12,047,707
1995Second Education and Training Project SDR9,300,000
1992Third Fisheries Project SDR6,552,142
1990Airport Extension Project SDR5,733,782
1989Education and Training Project SDR5,799,931
1983Second Fisheries Project SDR4,732,051
1979First Fisheries ProjectUSD2,481,159
Website link: www.worldbank.org

Governor for the Maldives at the WBG: Mr. Ibrahim Ameer

Alternative Governor for the Maldives at the WBG: Mr. Ismail Ali Manik



Share this article