ADB's Work in Maldives
Shareholding and Voting Power
Number of shares held:
426 (0.004% of total shares)
39,540 (0.297% of total membership, 0.457% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Comprising around 1,190 small islands with only 188 inhabited, Maldives has been supported by the Asian Development Bank (ADB) since 1978.
High-end tourism has propelled the country’s strong economic expansion over recent decades, and this has helped Maldives gain upper middleincome status, with the highest income per capita in South Asia. However, as a relatively small island economy, the country is extremely vulnerable to external economic shocks and the negative impacts of climate change.
Aerial view of Malé
Since 1978, ADB has committed loans, grants, and technical assistance worth $476.75 million (excluding equity investment of $4.5 million) for Maldives.
Maldives has access to the Asian Development Fund as a Group A developing member country.