The report on climate and economics in South Asia released today said that the Maldives had the most to benefit from mitigation efforts, reducing economic losses caused from potential sea-level rises by more than two thirds.
An additional agreement was made to provide the Maldives Police Service with 150 motorcycles, while the grant aid – equivalent to MVR250 million or US$16 million – is to be used for developmental projects in the Maldives.
The government is seeking free aid from the Chinese government to finance ” a large portion” of a project for the construction of a bridge connecting the capital Malé and Hulhumalé, said President Yameen prior to his visit to China.
JP and MDP MPs boycotted parliament’s economic affairs committee today in protest of alleged procedural violations by the committee’s chair in his haste to complete reviewing the government’s flagship special economic zone (SEZ) legislation.
The creation of special economic zones (SEZs) “does not mean casinos will be operated in the Maldives, and it does not mean the president would have more power than he should,” Yameen said last night, assuring that SEZs would be fully subject to Maldivian law and sovereignty.
Vice President of the Maldives National Chamber of Commerce and Industry Ismail Asif has severely criticised Economic Development Minister Mohamed Saeed, questioning his “sincerity” and “competence”.
The central bank also revealed government securities had risen 18 percent “contributed by the increase in the amount of T-bills issued by the government to manage its growing cash flow requirements.”
“We can’t hold on like this for long, we must acknowledge that this is a very serious problem,” Abdulla Jihad told atoll council leaders in Malé today.
Having journeyed to the Maldives to study the effects of global warming, the ‘Sonne’ will assist the government in a seismic survey for potential sources of oil and gas in the waters east of Laamu atoll.