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- Operations
- Second Fisheries Project
Second Fisheries Project
Maldives
Borrower | Maldives |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Agriculture |
Approved | 15.02.1983 |
Signed | 26.05.1983 |
Status | Completed |
Loan Administrator | IDA |
Executing Agency | State Trading Organization (STO) |
Co-financiers | IDA, Gov't of Norway, IFAD, Government |
OPEC Fund Contribution (US$m) | 0.90 |
Total Project Cost (US$m) | 12.60 |
The main objectives of the project is to:
- strengthen the fisheries sector infrastructure to enhance productivity of the fishing fleet;
- introduce a more rational system of fish pricing conducive to increased production; and
- develop new markets for frozen fish exports.