Maldives announces US$313 million in pledges at Donor Conference
29 Mar 2010, 11:19 PM
Speaking at the close of the 2010 Maldives Donor Conference, Vice President Dr Mohammed Waheed Hassan announced that the government has received pledges of support totalling US$313 million for a period of three years.
The crowded hall of donors at Bandos Island Resort and Spa included delegations from countries as diverse as Saudi Arabia, Australia, Japan and Norway, as well as international financial groups such as the International Monetary Fund, Islamic Development Bank and the sovereign wealth Abu Dhabi Fund. A breakdown of the pledges is not currently available, Minivan News was told, as several donor countries had requested time to consult their home agencies before solidifying the figure.
In the run-up to the donor conference the government identified key priority areas for investment, alongside budgetary support: macro economic reform, public sector reform, good governance, social development and climate change.
“I am grateful for the confidence you have shown in our country,” Dr Hassan told the donors. “This conference has been an opportunity for us to listen to donors’ views, and we have identified ways to up our coordination and cooperation with the donor community,” he said.
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