China Eximbank provides 41 million MVR loan for Garbage Disposal Efficiency Project
Commitment amount
$ 65085869.13712878
Adjusted commitment amount
$ 65085869.14
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Maldives
Sector
Water supply and sanitation (Code: 140)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On November 21, 2006, the Export-Import Bank of China and the Government of Maldives signed an loan agreement, worth approximately 41 million MVR, to improve the efficiency of garbage disposal in the Maldives, according to BBC Monitoring Asia Pacific. According to the United Nations Development Programme, the loan was a "soft loan," and the proceeds from it were to be used to purchase waste management equipment to support waste management on island, atoll and, regional levels. The final disbursement through this loan agreement took place on December 31, 2010, according to the Maldives' Government Budget Report, 2009. Annual Disbursements: - 2009: 18.2 million MVR (MTEF Estimate, Maldives' Government Budget Report 2009) - 2010: 22.8 million MVR (MTEF Estimate, Maldives' Government Budget Report 2009)
Additional details
Project status was set as completion because the loan was entirely disbursed. Loan details are unknown.
Number of official sources
4
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of the Maldives [Government Agency]
Implementing agencies [Type]
Maldives Ministry of Home Affairs and Environment [Government Agency]