Asian Development Bank and Maldives : Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Maldives as well as concise information on ADB's operations in the country and contact information. The Asian Development Bank (ADB) has partnered with the Government of the Maldives since 1978. The government’s policy envisages development partners specializing in providing assistance to certain sectors or thematic areas to reduce duplication and overlap, and to minimize aid transaction costs. ADB will focus on capacity building in public sector financial management, and support for transport, power, and small- and medium-sized enterprises (SMEs). In this context, the country partnership strategy has been prepared in close consultation with the United Nations, the World Bank, and other development partners. To support the government in implementing the economic reforms, ADB has closely coordinated with the International Monetary Fund (IMF) to prepare its Economic Recovery Program. Both the Economic Recovery Program and IMF’s Stand-By Arrangements were approved in December 2009.