Details of funds pledged at Donor Conference will only be available with donor’s consent

World Bank Country Director for Sri Lanka and the Maldives, Naoko Ishii, said details of the pledges made at the Donor Conference would only be released with consent from the donors.

Speaking at a press conference after the closing session of the conference yesterday, Ishii said some countries did not want to publicly announce the exact figures of their pledges.

She added that many of them had internal procedures which prevented them from announcing the figures at this time, and they needed to discuss and approve the pledges in their home countries before announcements were made.

Senior government officials said many countries’ fiscal years did not begin in January, like Australia and Japan, for example, which meant their pledges would not come into force until the beginning of their new fiscal year.

President Mohamed Nasheed said this year’s pledges surmounted the amounts of previous years because the international donor community did not have faith in the previous government.

He added that donors are confident of the democratic system of the Maldives and the support from the World Bank and International Monetary Fund (IMF), making this year the most successful Donor Conference to date.