Maldives: Overcoming the Challenges of a Small Island State – Country Diagnostic Study
The Maldives has propelled itself to middle-income status despite the geographic constraints and challenges of a small-island state. It has one of the lowest poverty rates in South Asia, although wide regional disparities in poverty rates and high-income inequality continue to be a concern. Growth – primarily driven by the tourism sector – has also been vulnerable to external shocks. As the Maldives moves toward a more sustainable and inclusive growth strategy, transport infrastructure is critical to help address the country’s connectivity issue and reduce the cost of doing business. This report identifies the critical constraints to inclusive growth in the Maldives and provides policy recommendations to sustain economic growth and hasten poverty reduction.
Author: Asian Development Bank
Tags: Maldives, Small Island Developing States, Transport, Connectivity, Policy, Poverty Reduction, South Asia, Tourism
Asia-Pacific Countries with Special Needs Development Report 2015
In the Asia-Pacific region, 36 out of the 58 economies are considered countries with special needs (CSN), which include least developed countries (LDC), landlocked developing countries, and small island developing States. This report highlights important areas that should be addressed as key priorities by CSNs such as economic diversification, external trade, South-South cooperation, and official development assistance including foreign direct investment. Bhutan and Nepal met the criteria for graduation from LDC status as of 2013. Other countries such as Bangladesh have a good chance of meeting the graduation criteria by 2018. Among the Small island developing States, Maldives is considered a success story in broadband internet connectivity. The results of this research show that Asia-Pacific CSNs must choose their paths to diversification carefully, depending on country circumstances.
Author: United Nations Economic and Social Commission for Asia and the Pacific
Tags: Asia-Pacific, Least Developed Countries, Small Island Developing States, Bangladesh, Bhutan, Energy, FDI, Investment, Maldives, Nepal, Trade, Transport, UNESCAP
Review of Maritime Transport 2014
The Review of Maritime Transport is an annual UNCTAD flagship publication since 1968. It provides analysis of structural and cyclical changes affecting seaborne trade, ports and shipping, freight markets, and transport and regulatory frameworks. It further presents statistics, data, and insights on ownership of the world fleet, with South Asia dominating the market for ship recycling. This year’s special chapter focuses on the challenges faced by the world’s Small Island Developing States (SIDS) and reviews shipping-related challenges resulting from SIDS size, remoteness, and exposure to natural hazards, including impacts of climate change.
Author: United Nations Conference on Trade and Development
Tags: Transport, Ports, Small Island Developing States, UNCTAD, Trade, South Asia, Bangladesh, India, Maldives, Sri Lanka