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China Eximbank provides 41 million MVR loan for Garbage Disposal Efficiency Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of the Maldives |
| Country | Maldives |
| Start Date | Nov 21, 2006 |
| End Date | Dec 05, 2026 |
| Duration | 7,319 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 34965 |
Grant Description
China Eximbank provides 41 million MVR loan for Garbage Disposal Efficiency Project 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)
Staff Comments
Project status was set as completion because the loan was entirely disbursed. Loan details are unknown.
Sources & References
- Chinese loan to improve efficiency of Maldives garbage disposal
- Identification of Existing Barriers to the Provision of Effective Solid Waste Management Services within the Maldives and Recommendations for their Removal
- United Nations Development Programme Maldives: Outcome evaluation
- Government Budget in Statistics: Financial Year 2009
- Government Budget in Statistics: Financial Year 2007 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of the Maldives
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