Ministry of Finance has revealed around USD 15 million has been spent from the Green Fund in September.
The latest Green Fund Report published by the finance ministry shows 40 projects were financed using the Green Fund in September. They include projects to establish coastal protection, water supply, waste management, and sewerage systems in various parts of the country.
As per statistics, the amount spent on projects from the Green Fund during September is a 91% increase compared to the amount spent in August. As such, USD 2.6 million was financed from the Green Fund in August for 25 projects across the country.
The Green Fund report shows the biggest contribution from August was made to the water drainage system in Thinadhoo, Gaafu Dhaalu Atoll. As such, USD 828,695 was spent on the project.
In September, USD 4.68 million was received to the Green Fund with the highest contribution from Kaafu Atoll and Alifu Dhaalu Atoll.
The Green Fund was introduced in 2016, aiming to tackle environmental issues in the Maldives as per the Tourism Act of the Maldives.