Project ID: 34965

China Eximbank provides 41 million MVR loan for Garbage Disposal Efficiency Project

Commitment amount

$ 56484972.08

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Maldives

Sector

Water supply and sanitation (Code: 140)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

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 in 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 unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of the Maldives [Government Agency]

Implementing agencies [Type]

Maldives Ministry of Home Affairs and Environment [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No