The three biodiversity hotspots include popular dive sites and unique wetlands.
The US$8.6 million project is financed by OFID and the Green Climate Fund.
The loan was announced almost two months ago but basic questions about it remain unanswered.
The loan was announced hours after the EU said it was imposing sanctions on the Maldives.
The Maldives housing minister took a swipe at the EU for approving sanctions.
The government is aiming to solve annual water shortages during the dry season in islands across the Maldives within two years, State Minister for Environment Abdul...