UN signs five year assistance agreement with Maldives
13 Apr 2010, 5:19 PM
UN Resident Coordinator Mansoor Ali and Finance Minister Ali Hashim yesterday signed the United Nations Development Assistance Framework (UNDAF), a five-year agreement that will see the UN continue its presence in the Maldives, honouring its US$40.6 million pledge made at the Maldives donor conference.
Mansoor Ali said the UN was engaging with the Maldives at a “very critical juncture” when the country is transitioning from Least-Developed-Country (LDC) status to Middle Income status.
“The graduation is not an event but a process,” he explained. “The graduation is a measure how well a country has developed, but middle income status does not necessarily mean there is equity in the country all the time.
“We are in a position where there has been a global economic crisis, and locally there have been a fuel and food crisis, so the graduation process is taking that into account.”
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