Southern Atolls Development

IFAD Asset Request Portlet

Asset Publisher

Southern Atolls Development Project

Southern Atolls Development Project

The project area is rich in potential for tuna fishing but at the time of the project tuna stocks were underexploited. The pace of boat motorization was less than half that for the rest of the country. The area has substantial potential for tourism. Although agriculture is not a major activity in the area, it is important on some islands.

The objectives of the project were to:

  • create income-generating opportunities for low-income or otherwise disadvantaged women and men, both as groups and as individuals
  • extend development banking facilities to the southern atolls on a sustainable basis
  • improve some basic community facilities

Credit was an important component of the project, and it was provided on a demand-driven basis. The project was especially sensitive to the credit needs of women. The project’s support for development banking led to the opening of three new branches in the area and financed equipment, training of bank staff and technical assistance. IFAD funds also supported training for the people who benefited from the project, particularly women, and for government staff and local trainers. The project introduced a community development fund for the improvement of community facilities such as market places and the electricity supply. In addition the project provided funds to support management, monitoring and evaluation.

Source: IFAD

Status: Closed
Approval Date
13 September 1995
1995 - 2003
Credit and Financial Services
Total Project Cost
US$ 8.81 million
IFAD Financing
US$ 2.92 million
Co-financiers (International)
OPEC Fund for International Development US$ 2.21 million
Co-financiers (Domestic)
Domestic Financing Institutions US$ 1.65 million
Beneficiaries US$ 1.18 million
Financing terms
Highly Concessional
Project ID

President's reports

Project design reports

Supervision and implementation support documents

Environmental and social impact assessment

Final environmental and social management framework

Interim (mid-term) review report

Resettlement action framework

PCR digest

Special study

Project list

Audit and Financial Statements

Project completion report