Extract World Bank Grant Approved Equipment Database via FOIA
- Organization
- Maldives Ministry of Fisheries and Ocean Resources
- Sector
- Maldives fisheries SMEs and equipment suppliers
- Location
- Maldives
Source reference
Executive summary
Current state
World Bank has disbursed $11.66M to Maldives Ministry of Fisheries with $54M more available for private sector competitiveness, but the matching grant scheme requires SMEs to contribute 60% co-investment, creating a commercial gap where the Ministry has capital but lacks SME reach and SMEs need funding but lack application expertise.
Market catalyst
The Ministry has launched a $54M matching grant scheme requiring SMEs to purchase specific equipment/technology, but the official list of approved equipment categories and suppliers is buried in bureaucratic documents, creating an information asymmetry where SMEs don't know what qualifies for the 40% grant funding.
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