Foreign or international body
World Bank
In the news, last 90 days
Economy
Proposals open for "Aaruveri Matching Grant" under TRANSFO Project
The Aaruveri Matching Grant scheme, part of the World Bank-funded TRANSFORM project, was launched on Monday with a total budget of MVR 278 million to support the Maldives' fisheries and agricultural sectors, with applications open for five of its seven categories. Selected projects will receive 40 percent of total expenditure as a non-reimbursable grant, and proposals must be submitted via the project portal before 12:00 p.m. on Monday, November 30.
Education
Fourth batch of the Basic Mariculture Training Programme commences
The fourth intake of the Basic Mariculture Training Programme has started at the Maniyafushi Research and Training Facility with 12 participants, including one female. Run by the Ministry of Fisheries, Agriculture and Ocean Resources with the Maldives Marine Research Institute and funded by the World Bank-funded TRANSFORM Project, the 14-day course covers aquaculture systems, hatchery operations, groupers and seaweed cultivation, live-feed production and disease prevention.
Economy
Maldives Seals Landmark 15MW Solar Deal to Reduce Island Diesel Reliance
The Ministry of Climate Change, Environment and Energy concluded agreements for a 15MW solar photovoltaic system, the largest solar development in the country to date, under the ARISE initiative with contractor Sinosoar Hybrid Technology and STELCO. The scheme is expected to displace about 15 million litres of imported diesel annually and cut fuel expenditure by an estimated USD 11.6 million per year.
Environment
Maldives’ Coral Reef Ecosystems Classified as Critically Endangered in IUCN Assessment
All three Maldivian coral reef regions — North, Central and South — have been classified as Critically Endangered in the first global IUCN Red List of Ecosystems assessment of coral reefs, published on 22 October, with projected warming under SSP2-4.5 putting them at extremely high risk of collapse over the next 50 years. Using only observed changes over the past 50 years the regions would fall into the Vulnerable category.
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