Asia and Pacific > Maldives

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Ruchir Agarwal
,
Vybhavi Balasundharam
,
Patrick Blagrave
,
Mr. Eugenio M Cerutti
,
Ragnar Gudmundsson
, and
Racha Mousa
The South Asia region is both a large contributor to climate change and also one of the regions most vulnerable to climate change. This paper provides an overview of the region’s vulnerabilities, national committments to mitigate emissions, and national policies to adapt to a changing climate. The paper also discusses policy measures that may be needed to make further progress on both mitigation and adapatation. Our analysis suggests that while substantial progress is being made, there remains scope to adopt a more cohesive strategy to achieve the region’s goals—including by improving the monitoring and tracking of adaptation spending, and by laying the groundwork to equitably increase the effective price of carbon while protecting low-income and vulnerable households in the region.
International Monetary Fund
Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP—more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as greater vulnerability to severe disasters. About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states. Greater exposure to disasters has important macroeconomic effects on small states, resulting in lower investment, lower GDP per capita, higher poverty, and a more volatile revenue base.
International Monetary Fund
The Seventh National Development Plan of the Maldives envisages sustainable development with economic growth, social equity, environment protection, and good governance. The report assesses the policies and strategies needed to achieve the goals as well as the agencies responsible to implement the policies. It also summarizes the principles, vision, and goals of the National Development Plan (NDP) and assesses the economic, spatial, social development, and governing factors of the plan. It discusses the priorities, responsibilities, and accountabilities for development, and assessed that monitoring and evaluation is necessary for higher performance and greater accountability.