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Browsing by Author | މުސައްނިފުން "Ministry of Finance, Republic of Maldives"

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    Maldives Integrated National Financing Framework (INFF) : gender-responsive climate financing strategy
    (Ministry of Finance, Republic of Maldives, 2023-03) Ministry of Finance, Republic of Maldives; މިނިސްޓްރީ އޮފް ފިނޭންސް, ދިވެހިރާއްޖެ
    The gender-responsive climate financing strategy of the INFF is informed by the recommendations of a climate-focused DFA jointly conducted by the Ministry of Finance and the United Nations Development Program (UNDP). The two documents have been developed following extensive rounds of consultations under the stewardship of the INFF Oversight Committee, consisting of 13 government agencies and co-chaired by the Minister of Finance (MoF) and UN Resident Coordinator in the Maldives. This document outlines a comprehensive financing strategy with a diverse set of policies to align, leverage, and unlock public and private sources of capital for financing the Maldives' climate agenda, and its sister document outlines a robust plan for financing the delivery of social sector services in the country, with a focus on vulnerable groups of society. This financing strategy specifically focuses on coherence between social and green policies. For instance, it is crucial for the development of the Maldives that redistribution does not negatively affect social objectives. However, it has been observed that climate change and gender are traditionally often practiced as stand-alone issues, although both issues are widely understood to be cross-cutting issues in the Maldives. Typically, decisions are made based on institutional or sectorial strategies, hence, lacking a connected approach across sustainable national development priorities. This hinders broad integration of climate change within the private sector as well. It is essential to practice climate and gender as cross-cutting issues and integrate such criteria in all financing flows of Maldives’ development actions. Financing needs: Implementing this financing strategy requires both significant financial resources as well as enablers such as new financing policies, reforms, tools, and instruments. In quantitative terms, to achieve the Nationally Determined Contributions (NDC) and pursue the announced conditional net-zero emission target (NZE) by 2030, massive annual investments are required in key sectors, especially to deploy clean energy technologies (solar, wind, and also hydrogen fuel cells) and clean transport (land and sea transportation).
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    Medium term debt management strategy 2020-2022
    (Ministry of Finance, Republic of Maldives, 2019-07-31) Ministry of Finance, Republic of Maldives; މިނިސްޓްރީ އޮފް ފައިނޭންސް، މާލެ ދިވެހިރާއްޖެ
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    Medium term debt management strategy 2021-2023
    (Ministry of Finance, Republic of Maldives) Ministry of Finance, Republic of Maldives; މިނިސްޓްރީ އޮފް ފައިނޭންސް، މާލެ ދިވެހިރާއްޖެ

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