The World Bank has offered its support to revitalise the economy of the Maldives. Vice President of the World Bank for the South Asia Region Martin Reiss made the statement during a meeting with President Ibrahim Mohamed Solih.
At the meeting held at the President's Office, President Solih praised the World Bank for its continuous support and assistance, which contributed to the growth of the Maldives. He spoke of the constructive relationship between the Maldives and the World Bank and highlighted the economic management measures taken under the advice of the World Bank.
Also at the meeting, Vice President Reiss applauded the efforts of the Maldives in pushing economic management measures despite their unpopularity, stating it was a good decision. He highlighted that it is prudent for the Maldives to make these choices and expressed hope for success.
Additionally, Reiss offered the World Bank’s support and assistance to the Maldives to revitalise the economy. He then outlined the Country Partnership Framework, which mainly focuses on economic resilience, increased financial investments, and building human capital.
Concluding the meeting, President Solih and Reiss expressed their eagerness for future cooperation and collaboration.