Economic Ministry signs MoU with UNDP Maldives
Minister of Economic Development Fayyaz Ismail signed on behalf of the ministry
The MoU signing ceremony between UNDP Maldives and Ministry of Economic Development took place on Tuesday
The United National Development Programme (UNDP) Maldives and Ministry of Economic Development have signed a Memorandum of Understanding (MoU).
The MoU was signed during a special ceremony held at the economic ministry of Tuesday.
Minister of Economic Development Fayyaz Ismail and Resident Representative of the United Nations Development Programme (UNDP) in Maldives Enrico Gaveglia signed the MoU.
The MoU revolved around providing assistance for strengthening evidence-based policymaking as well as enhancing investments towards the Sustainable Development Goals (SDGs) in the Maldives.
According to the economic ministry, the MoU will reaffirm the long-standing partnership and build on multiple areas of support through decades. It also lays the foundation for accelerated and focused development cooperation under UNDP’s new ‘Country Programme Document for the Maldives 2022-2026’.
The economic ministry expects to draw in global and regional expertise into developing data-driven, innovative research capabilities with the support of UNDP under the MoU.
Speaking at the ceremony, Minister Fayyaz noted that the MoU is another step forward, in the continued collaboration between the UNDP and the Maldivian government and went on to extend his appreciation for the continued assistance that UNDP has been extending, especially during the Covid-19 crisis.
Speaking further, the minister revealed that one of key areas of collaboration under the MoU that he feels most content about is the support being directed to women, especially through the involvement and training of the WDCs in the islands.
As such, he noted that through this programme, assistance will be provided to WDCs to identify the possible areas of income generation for women across residential islands, adding that help will also be extended through the m to get that activity up and running through technical expertise and also through financial assistance.
Also speaking at the ceremony, Gaveglia noted that the UNDP’s willingness and commitment to work with the ministry is mirrored through the MoU.
UNDP is a network spanning 170 countries around the globe, extending support to exterminate poverty, eradicate inequality and build resilience in a bid to help countries sustain development.
