PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606945

Primary Business Area

Other

Disclosure Date

Dec 1, 2024

Country

Maldives

Region

South Asia

IFC Approval Date

Mar 9, 2022

Status

Active

Estimated Total Budget

$340,292.00
(Project budget includes all project-funded activities)

Last Updated Date

Dec 10, 2024

Project Estimated Start Date

Mar 7, 2022

Project Estimated End Date

Aug 29, 2026

Client Legal Name

DHIVEHI RAAJJEYGE GULHUN PUBLIC LIMITED

Project Description

Dhiraagu (Dhivehi Raajjeyge Gulhun Private Limited) is the largest mobile network operator and broadband service provider in the Maldives. IFC has made an overall investment of US$35 million to Dhiraagu. Through this project, IFC will support a reputable telecom operator that aims to roll-out a new critical high-capacity submarine cable providing direct digital connectivity between the archipelago of the Maldives and the global Internet gateway, improving both the quality and affordability of internet connectivity in the country. In addition, IFC has been working with Dhiraagu to strengthen the company’s gender action plan and unlock business opportunities by adopting a strong gender lens throughout its operations. This is a key focus area for the company, which aims to ensure the advancement of women as employees and as leaders in technical and non-technical roles within the company. As a result of the first phase of IFC's advisory, Dhiraagu has made steady progress in implementing its gender action plan. IFC is now providing a second phase of advisory to Dhiraagu by expanding and deepening gender-smart solutions at the company. To scale up gender-smart solutions emerging from this project to the market, IFC will leverage strategic partnerships to pilot gender-focused workshops with companies in the Maldives. With the aim of advancing knowledge and awareness on the cross-cutting themes of climate and gender, IFC will establish a Maldivian Climate Leaders’ Network with a select cohort of leaders (especially women) from the private and public sectors.

Development Results

E&S Risks / Impacts and Mitigation