Asian Development Bank

The Asian Development Bank (ADB), established in 1966, is a multilateral development finance institution with 67 member countries. Its mission is to help member countries reduce poverty and improve the quality of life for their people. Maldives joined ADB in 1978 and has always been receiving assistance from the ADB through the Asian Development Fund (ADF). At present, Maldives is entitled to grants and concessional funding through ADF and external financing through financial partners of ADB. ADB funding is based on projects that align with the overall mission of the ADB as well as the development goals of the recipient country. These are determined through discussions with government and focus sectors.  In this regard, the priority sectors outlined by the ADB in the Country Operations Business Plan (COBP) 2017–2019 are energy, environment, waste, transport and public sector management. 

  • Energy
  • Transport
  • Public Sector Management

Maldives is also a member of South Asia Sub regional Economic Cooperation (SASEC) program of ADB. It is an initiative to strengthen cross-border trade, to improve energy security, to develop economic corridors and to improve regional cooperation. 

The first loan from the ADB to the Maldives was in 1981 for the inter-island transport project. Since then, the Bank has been assisting the country with loans, grants and technical assistances in the areas such as transport, environment, ports development, education, health, energy and private sector development. 

Governor for the Maldives at the ADB: Ahmed Munawar

Website link: www.adb.org/countries/maldives/main
blogs.adb.org/blog/how-ict-applications-are-redefining-development

Related External Reports

Maldives: Overcoming the Challenges of a Small Island State (2015) Maldives: Country Operations Business Plan (2015-2017) 2016-2018 An Enduring Partnership The Maldives and the Asian Development Bank: (2015) Maldives: Interim Country Partnership Strategy (2014-2015) Maldives: Gender Equality Diagnostic of Selected Sectors (2014) Maldives: Country Operations Business Plan (2014-2016) lands Maldives: Country Operations Business Plan (2014-2016) lands Maldives: Country Operations bussiness plan 2013-2015 Maldives: Interim Country Partnership Strategy (2012-2013) Maldives: country operations bussiness plan 2012-2014 Maldives: country operations bussiness plan 2011-2013 Maldives: Gender and Development Assessment Maldives: Country Partnership Strategy (2007-2011) Gender Equality Results Case Studies: Maldives Maldives: Country Partnership Strategy (2007-2011) Maldives: Country Effectiveness Country Brief (2007) Maldives: Poverty Assessment (2007) Maldives: Gender and Development Assessment (2007) Maldives: Country Operations Business Plan (2007-2009) Maldives: Country Strategy and Program Update (2006-2008) Country Economic Review: Maldives (September 2004) Maldives: Country Strategy and Program Update (2004-2006) Poverty Reduction in the Maldives: Issues, Findings, and Approaches Maldives: Country Strategy and Program (2002-2004) Maldives: Country Strategy and Program (2002-2004) Women in Maldives: Country Briefing Paper Maldives Country Strategy and Program Update (2002-2004) Maldives: Country Assistance Plan (2001-2003) Maldives: Country Operational Strategy Study (2000) Maldives: Country Operational Strategy Study (1995)
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