Maldives and ADB
In the Spotlight
The ADB Board of Directors has approved a $33.07 million grant to improve environmental protection and sustainability efforts in the Greater Malé capital region and its surrounding islands in the Maldives through the establishment of a sustainable solid waste management system.
ADB is supporting the Government of Maldives to establish a national single window (NSW) to streamline international trade procedures and help the country integrate within South Asia. The NSW project is expected to begin implementation in mid-2019.
The government succeeded in transforming Maldives' revenue system into a modern, e-enabled system for effective tax collection and development of a broader tax base. Find out more about the fast-track approach to tax reforms
The Maldives consists of over 1,190 islands, spanning approximately 900 kilometers along the Indian Ocean. Only 188 of these islands are inhabited, and the population is concentrated in a few of the larger islands. Malé, the capital, is home to 39% of the country’s total population of roughly 341,200 people, and only 19 other islands have populations exceeding 2,000 people.
The Government of the Maldives has been encouraging the population living in the outer atolls to relocate to the Greater Male’ Region to mitigate the pressure on the public sector budget in order to promote more efficient public expenditure on economic and social services. The government has requested ADB to shift the focus of its assistance to developing the region.
The Maldives is a member of the South Asia Subregional Economic Cooperation (SASEC) program.
Projects in Maldives
- Asian Development Outlook 2019–2021
- Promoting Investments and Economic Growth in Central and West Asia, East Asia, and South Asia Subregions
- Supporting Knowledge Solutions for New Development Strategies in South Asia
- South Asia Subregional Economic Cooperation Regional Energy Cooperation
- Implementing Trade Facilitation Initiatives under the South Asia Subregional Economic Cooperation Program