The Ministry of Finance and the OPEC Fund for International Development have signed a new Country Partnership Framework aimed at strengthening cooperation in key development areas, with a focus on climate resilience and sustainable infrastructure.
The framework was signed on Tuesday by Finance Minister Moosa Zameer at the OPEC Fund headquarters in Vienna during his official visit. According to the ministry, the agreement aligns the OPEC Fund’s financing and technical assistance with the Maldives’ national development priorities.
The framework places emphasis on addressing climate change, expanding sustainable and island based public infrastructure, promoting renewable energy and strengthening long term fiscal stability. It also aims to accelerate rural infrastructure development, improve regional development equity and support long term economic growth.
Minister Zameer said the agreement would support government efforts to expand infrastructure in outer islands, improve connectivity, enhance service delivery and create economic opportunities at the community level. He noted that partnerships of this nature are important for securing long term and affordable financing for projects such as ports, transport links, water and sanitation systems and renewable energy.
Zameer also highlighted the OPEC Fund’s long standing engagement with the Maldives, noting its contributions to sectors including water and sanitation, transport, health, education and fisheries since cooperation began in 1977.
During the visit, discussions were also held on macroeconomic developments, climate financing needs and opportunities to deepen cooperation. The OPEC Fund reaffirmed its commitment to supporting Small Island Developing States through initiatives such as the SIDS Initiative and the Green-Blue Connect programme.
The ministry said the new framework will guide future collaboration and support the Maldives’ efforts to build a more resilient, inclusive and sustainable economy.
