Maldives and ADB
In the Spotlight
ADB Vice President Wencai Zhang, on a 2-day visit to Maldives, met with President of Maldives Abdulla Yameen Abdul Gayoom to discuss ADB operations as well as the future direction of its partnership with Maldives.
In recent decades, the Maldives has enjoyed sustained growth, driven largely by its luxury tourism industry. However, as an island economy of relatively small scale, the Maldives is extremely vulnerable to external economic shocks and the negative impacts of climate change. View the ADB Maldives Flickr album
In the Maldives, 15% of the population lives below the national poverty line. Get the latest statistical data on poverty and socioeconomic development in the Maldives and compare poverty indicators among countries in South Asia.
The country operations business plan (COBP), 2017–2019 for Maldives includes an indicative pipeline of priority projects supporting the development of the Greater Male’ Region. The COBP, 2017–2019 will support development outcomes in energy, transportation, and public sector management.
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
- Kulhudhuffushi Harbor Expansion Project
- Preparing Outer Islands for Sustainable Energy Development
- Developing the Revenue Administration Management Information System
- Supporting Inclusive Micro- Small and Medium-sized Enterprise Development Project
- Economic Recovery Program (formerly Public Resource Management Reform Program)
Maternal mortality ratio in Maldives, per 100,000 live births (2015)
Population in Maldives, in millions (2016)
Population living below the national poverty line in Maldives (2009)
Average annual population growth rate in Maldives (2011-2016)