World Bank extends support to Maldives’ workers impacted by COVID-19
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WASHINGTON, D.C., January 25, 2021 The World Bank’s Board of Executive Directors today approved additional financing of $21.6 million to further help Maldives mitigate the economic impact of the COVID-19 crisis on poor and vulnerable workers and their families.
The additional financing will be utilized to expand the existing COVID-19 Emergency Income Support Project, which was approved by the World Bank’s Board of Executive Directors in June 2020 with funding of $12.8 million. It will help finance the extended duration of the Government’s COVID-19 Income Support Allowance scheme by continuing to provide temporary support of up to MVR 5,000 (approximately $322) per month to workers who have lost their jobs or income as a result of the coronavirus pandemic.
2020: A year of trials but also one of resilience and hope
Everyone has probably heard this countless times already - 2020 was a year like no other.
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So, if 2020 is a year you are eager to leave in the rear-view mirror, you are not alone.
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In February, at the World Urban Forum, the World Bank launched three reports, all of which would prove to be prescient in the coming months one examined the spatial inequalities in the MENA region, another revealed the hidden value of investing in urban public spaces, and a third handbook highlighted the importance of gender-inclusive urban design. The team also continued to prioritize climate action with a technical deep dive with the city of Paris, engaging nine client cities on the topic.
World Bank Discusses Opportunities for Maldives to Build Back Better from COVID-19
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MALE , MALDIVES, December 9, 2020 - Faris Hadad-Zervos, the World Bank s new Country Director for Maldives, Nepal and Sri Lanka, completed his first visit to the Maldives last week. The purpose of this visit was to experience firsthand the country s response to the COVID-19 pandemic and recovery efforts, as well as the progress and results of the World Bank-supported projects in the archipelago. Based in Kathmandu, Nepal, this was the Country Director s first visit to the Maldives in his new role. Hadad-Zervos was joined by Chiyo Kanda, the new Country Manager for Maldives and Sri Lanka, based in Colombo.