Maldives and ADB

This country operations business plan (COBP) 2021–2023 is the first COBP of the country partnership strategy (CPS), 2020–2024 of the Asian Development Bank (ADB) with the Government of Maldives. The lending assistance program for 2021–2023 is in line with the following strategic objectives of the CPS, 2020–2024: (i) improve the quality of life of island communities while ensuring environmental sustainability; (ii) strengthen competitiveness and diversify the economic base; and (iii) enhance public sector efficiency and fiscal sustainability.

The Asian Development Bank (ADB) country partnership strategy (CPS), 2020–2024 supports the provision of a resilient and sustainable island life for all Maldivians.

This Economic Update provides the economic status of Maldives in 2018, its midyear economic review in various sectors, and economic outlook in 2019–2020.

ADB’s country operations business plan, 2020–2022 for Maldives and the indicative pipeline of priority projects were prepared based on consultations with various government agencies.

This Economic Update provides the economic status of Maldives in 2019, its midyear economic review in various sectors, and near-term outlook and insights on midterm recovery. It includes a special report on COVID-19 in Maldives.

The country operations business plan, 2019–2021 for the Maldives and the indicative pipeline of priority projects were prepared based on consultations with various government agencies. The country assistance results areas are in line with the country partnership strategy (CPS), 2007–2011. This country operations business plan extends the validity of the CPS, 2007−2011 until the new CPS is in place.

The country operations business plan (COBP), 2018-2020 for Maldives was prepared based on discussions held between the government and ADB regarding the development of the Greater Malé Region. The indicative pipeline of priority projects is based on a preliminary analysis of the government’s proposed projects, and detailed consultations with relevant government officials. This COBP extends the validity of the country partnership strategy (CPS) 2007−2011 until a new CPS is in place.

To implement the designation of eligible Asian Development Fund (ADF) loans as concessional ordinary capital resources (OCR) loans following the approval of the ADF-OCR merger by ADB's Board of Governors, it is necessary to amend the respective Legal Agreements.

This letter agreement effective 1 January 2017 applies to the ADF loans made by ADB to Maldives, as referred to in this document dated 3 October 2016.

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 regional cooperation operations business plan (RCOBP), 2016–2018 of the Asian Development Bank (ADB) updates the RCOBP, 2015–2017. The proposed regional operations for 2016-2018 are consistent with the priorities of the regional cooperation strategy (RCS), 2011-2015. Thus, while the new RCOBP falls outside the time frame of the RCS 2011-2015, it is the fifth RCOBP in support of the current RCS.