Maldives and the World Bank

Although the Maldives does not possess a significant amount of land or a large population, there are still many areas that need attention to ensure the safety of citizens and tourists, and the efficiency of the economy.

[3] The resort based islands tend to be safe areas for tourists, but rising terrorism concerns can have severe effects on the Maldives Economy as it is heavily influenced by tourism.

Historically the World Bank assisted in carrying out projects to promote tourism, improve education, and develop the private sector.

Currently the World Bank strategy for assistance in the Maldives revolves around three core objectives: promoting economic opportunities, building resilience to climate change, and strengthening fiscal sustainability.

[8] The most recent World Bank project in the Maldives, approved on July 1, 2019, involves increasing budget capability, strengthening policy framework, and preventing harmful effects of natural disasters and climate change.

[18] The World Bank has also played a significant role in assisting the Maldives to increase foreign trade and speed up development.