Research reveals lack of transparency in Maldives climate finance governance
26 Dec 2013, 10:00 PM
Ahmed Rilwan
The “Assessment of Climate Finance Governance in Maldives” report published by local NGO Transparency Maldives (TM) has revealed a number of concerns in climate finance governance.
The report indicates the Maldives has been pledged US$ 99,280,073 in grants, US$ 20,380,000 in loans and US$ 48,506,276 from multi-lateral and bilateral donors, for co-financing projects from 2008 through 2015.
Projects focus mainly on mitigation, adaptation and capacity building, and cover a wide range of areas from waste management, conservation, water resource management to education and development of renewable, clean and sustainable energy.
It was conducted as part of the “Climate Finance Integrity Programme” piloted by Transparency International in six countries to monitor the raising, managing and governance climate related finance.
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