In the Spotlight
ADB approved a $500,000 grant from its Asia Pacific Disaster Response Fund to Maldives to help finance the government’s response to COVID-19 outbreak in the country in easing constraints to meet immediate relief needs and deliver medical services. Read more
Gross domestic product (GDP) growth marginally rose to 6.9% in 2018 from 6.8% in 2017 given robust construction activities, tourism, and supporting services. Average inflation fell from 2.8% to only –0.1% in 2018. While GDP is projected to moderate to 6.5% in 2019 and further to 6.3% in 2020.
This report reflects the changes in the South Asia Subregional Economic Cooperation (SASEC) Program’s operational plan for the period 2016–2025, in particular on priority projects resulting from a rigorous vetting process.
Vanishing coastlines, king tides, soil erosion—the accelerating impact of climate change is an existential threat to the low-lying atoll countries.