Maldives and ADB: Linking Islands

Publication | January 2013

This development effectiveness brief presents how ADB's operations in the Maldives has helped it progress from the United Nations’ Least Developed Country designation to Middle Income Country status as of January 2011. It also presents the future challenges ADB and its partners face in pursuing agreed development goals in the country.

'ADB and the Government of the Maldives have approved an interim country partnership strategy for 2012-2013. The partnership focuses on micro, small, and medium-sized enterprises development; transport; and energy.'

This development effectiveness brief presents how ADB's operations in the Maldives has helped it progress from the United Nations' Least Developed Country designation to Middle Income Country status as of January 2011. It also presents the future challenges ADB and its partners face in pursuing agreed development goals in the country.

Future challenges

ADB and the Government of the Maldives have approved an interim country partnership strategy for 2012-2013. The partnership focuses on micro, small, and medium-sized enterprises development; transport; and energy. ADB will also explore ways of strengthening human skills development to help the Maldives meet its needs for a modern workforce.

Under a country operations business plan for 2013-2015, ADB has earmarked indicative sovereign lending assistance of $18 million, including proposed renewable energy, education for youth development, and transport development projects. ADB is also looking to boost its nonsovereign operations in areas such as clean energy and small and medium-sized enterprise finance. However, the lack of convertibility of the rufiyaa and the country's weak sovereign rating remain deterrents to private investment.

Given its more-than-3-decade-long involvement and role as one of the largest multilateral development partners in the country, ADB is well placed to continue to assist the Maldives in its drive to boost inclusive growth and to promote environmentally sustainable development.

Contents 

  • Maldives Development Indicators
  • Maldives and ADB: Connecting Communities
  • ADB's Contribution to Development and Poverty Reduction
    • Education: Founding a New University
    • Transport and Information and Communication Technology:
    • Closing the Gaps
    • Tsunami Emergency Assistance: Build Back Better
    • Energy: Providing Uninterrupted Supply
    • Public Sector Management: Managing Finances
    • Multisector: Servicing Outer Islands
  • Operational Effectiveness: Improving Performance
  • Future Challenges