Asian Development Bank and the Maldives: Fact Sheet
ADB’s future efforts in Maldives will focus on outcomes in public sector management, infrastructure services, health and education, trade, renewable energy, solid waste management services, gender, and public–private partnerships.
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.
In October 2020, ADB endorsed its new country partnership strategy, 2020–2024 for Maldives. The strategy, which is aligned with the government’s Strategic Action Plan 2019–2023, focuses on three priorities: (i) enhanced public sector efficiency and fiscal sustainability; (ii) strengthened competitiveness and a diversified economic base; and (iii) improved quality of life for island communities, while ensuring environmental sustainability.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.