Capture World Bank Matching Grant Spread via SME Facilitation
- Organization
- Maldives Ministry of Fisheries and Ocean Resources
- Sector
- Maldives fisheries SMEs (boat owners, processing plants, 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 $54M in competitiveness funding requiring 60% SME co-investment but lacks commercial reach to identify and qualify SMEs. SMEs need capital but lack grant application expertise and face equipment purchasing inefficiencies. The spread exists between the Ministry's bureaucratic capital and SME commercial velocity.
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