President Dr Mohamed Muizzu said the Maldives 2.0 initiative is intended to bring a fundamental shift to the country’s governance system, describing it as a development framework with long-term national significance.
The remarks were made during a consultative meeting held with residents of Hulhumalé Phase I at Rehendhi School Hall, as part of a series of public engagements aimed at engaging directly with citizens, hearing their views, and addressing community concerns.
President Muizzu said work is underway on drafting a National Development Plan, alongside proposed legislation to provide the plan with added legal authority. He also outlined the Government’s 20-year development roadmap, which targets sustained GDP growth and broader national development goals leading up to 2040.
Addressing the economic situation, President Muizzu said the Government is taking steps to prevent fiscal default, including meeting both external and domestic debt obligations without relying on the printing of money. He noted that housing development is progressing at a faster pace than under previous administrations, with agreements already finalised for projects across several islands.
He added that preparations are ongoing for housing projects in the Malé region, with work expected to begin by the end of this month.
During the meeting, residents raised a number of concerns related to Hulhumalé Phase I. President Muizzu assured participants that the Government would review the issues highlighted and take the necessary steps to address them.
