MoU signed with TNC to enhance climate change mitigation capacity
According to the Ministry of Finance, the MoU with TNC is expected to strengthen the Maldives' medium-term financial position and improve debt sustainability.
In a move towards addressing climate change and promoting economic stability, the Maldives on Wednesday signed a memorandum of understanding (MoU) with The Nature Conservancy (TNC).
The agreement was formalized during a ceremony held on the sidelines of the ongoing International Environment COP Summit in Azerbaijan. The Ministry of Finance released a statement confirming the development, highlighting the importance of this partnership for the Maldives’ future.
The signing ceremony was attended by Maldivian government officials, including Finance Minister Moosa Zameer and Environment Minister Thoriq Ibrahim. Representing TNC was its Global Director, Melissa, who underscored the organization's commitment to supporting nations in their environmental and economic endeavors.
Speaking at the ceremony, Finance Minister Moosa Zameer expressed the significance of the partnership, emphasizing that it marks a step towards a sustainable and prosperous future for the Maldives.
“Sustainable financing for solutions to natural challenges is very important for Maldives’s development,” Zameer stated.
The Minister further noted the necessity of economic growth that aligns with environmental protection, highlighting innovative financial instruments such as carbon financing and conservation trust funds. These tools, combined with collaboration between the government and the private sector, are key to advancing the Maldives’ development while safeguarding its natural resources.
“The financing systems facilitated through this partnership will be used to protect the environment, develop the rural economy, and enhance climate change resilience,” the finance ministry’s statement added.
According to the Ministry of Finance, the MoU with TNC is expected to strengthen the Maldives' medium-term financial position and improve debt sustainability. This strategic collaboration is part of broader efforts to build robust financial frameworks that support climate action and economic resilience.
Established in 1951, The Nature Conservancy is a globally recognized leader in environmental protection and climate change advocacy. Operating in more than 70 countries, including Gabon, Belize, Barbados, and the Seychelles, TNC has a track record of implementing successful environmental programs that support both conservation and sustainable development.
