Vice President Hussain Mohamed Latheef has called for action to attract private sector engagement in development efforts.
He called for these actions while speaking at the Commonwealth Business Forum: Island Leaders Round Table, ahead of the 2024 Commonwealth Heads of Government Meeting (CHOGM).
The Vice President proposed actions to ensure long-term resilience for SIDS and foster prosperity for all, by fostering an enabling environment to attract the private sector, collaborations centered on sustainability, and efforts to strengthen the private sector to better facilitate business-to-business interactions.
Highlighting the Maldives’ natural beauty and diverse ecosystems, the Vice President conveyed that the Maldives faces immense challenges on the climate front and in accessing finance. He however added that the Maldives refuses to be defined by its vulnerabilities and that the Maldives and other Small Island Developing States (SIDS) should be in charge of their destinies.
Speaking further, the Vice President relayed President His Excellency Dr Mohamed Muizzu’s bold and ambitious vision for a more resilient and prosperous Maldives, with a vision of transforming into a developed country by 2040. He also noted the efforts to diversify the economy, including new sectors like ICT, finance, and renewable energy, among others.
Conveying the need for the Commonwealth business community to support the Maldives, the Vice President invited the Commonwealth business community to partner with the Maldives in the transformative journey towards shared prosperity.
The Vice President is in Samoa on an official visit to attend the Commonwealth Heads of Government Meeting (CHOGM). A high-level government delegation accompanies the Vice President
