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Asian Development Bank

Maldives signs $50 million ADB loan to support fuel imports

Ministry said the increase in global fuel prices has been linked to ongoing conflicts in the Middle East, resulting in additional pressure on public finance.

Maldives growth to decline by 1% this year, says ADB

The report stated that inflation in the Maldives is expected to rise by 5%, driven by fuel prices and the cost of foreign currency.

ADB gives $21.95m to support Maldives in climate, food security

The Enhancing Climate Resilience and Food Security Project will strengthen the country’s resilience to disasters and climate change.

11 November 2024

ADB supports Maldives' tax, fiscal reforms with $18.7m grant

Other policy reform actions under the ADB programme will include further amendments to the GST Act to broaden the tax base.

2 September 2023

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ADB grant to build 3 shelters for domestic violence victims

Minister Ameer said that the project will decentralise the protection and services provided to victims of domestic violence.

22 December 2022

ADB grants $7.51m to promote gender equality in Maldives

ADB said the grant will support innovative gender approaches, which have a catalytic role in changing social norms and discriminatory practices.

5 December 2022

ADB, BML sign $41m financing package to support Maldives SMEs

ADB said at least 60% of the loan package will be earmarked for lending to SMEs and 5% allocated to women-owned or led firms.