ADB identifies ‘risk factors’ hindering Maldives economic development
A three-year study by the Asian Development Bank (ADB) titled “The Maldives: Overcoming The Challenges of a Small Island State” found that the government’s effectiveness declined after 1996 whilst the ranking for rule rule of law has fallen since 2005, with the exception of 2012.
18 Aug 2015, 9:00 AM
The Asian Development Bank (ADB) in a new report has identified institutional and governmental shortcomings as risk factors that “may become constraints in the future” for the Maldivian economy.
A three-year study titled “The Maldives: Overcoming The Challenges of a Small Island State” found that the government’s effectiveness declined after 1996 whilst the ranking for rule of law has fallen since 2005, with the exception of 2012.
Further barriers to economic growth and development include the lack of adequate maritime infrastructure, lack of training and education in the labour force, fiscal mismanagement, persistent deficits, and limitations on access to finance.
Vice President Ahmed Adeeb launched the report at a ceremony held at Hotel Jen this morning. The vice president was accompanied by finance minister Abdulla Jihad, Maldives Monetary Authority (MMA) governor Dr Azeema Adam, senior cabinet members and members of the parliament.
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.
