Maldives to graduate from ‘least developed’ country
20 Dec 2009, 3:25 PM
Mazin Rafeeq
Maldives is set to graduate from a ‘least developed country’ (LDC) to a ‘developing country’ by December next year, according to the Minister of Economics and Development, Mohamed Rasheed.
Speaking at a press conference, Rasheed said that at a recent World Trade Organisation (WTO) meeting in Geneva a ministerial envoy had discussed many issues regarding the transition.
Rasheed said that graduating from a LDC would open the Maldivian economy to many opportunities, particularly the chance to broaden its activities from its staples of tourism, fishing and construction.
“After graduation the country needs to keep improving the economy,” he said. “This is only possible through foreign investment and the reinvestment of wealth.”
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
