Maldives Country Environmental Analysis
Maldives’ past development path has led to significant improvements in physical capital (infrastructure and related services), and human capital (such as health and education). Over recent decades, the Maldives has witnessed remarkable economic growth. The nation doubled its real income per capita within a 20-year period, transitioned from low to middle-income status, and substantially reduced poverty. This economic growth path was complemented by considerable advancements in infrastructure, including developments in roads, harbors, and ports, as well as ensuring wider access to essential utilities like electricity, water, sanitation, and the internet. From 1966 to 2022, the Maldives inaugurated 17 airports and, achieved universal electricity access by 2014 (from 84 percent in 2000), showcasing its significant growth in produced capital. The country’s human capital has also seen marked progress, with notable achievements in key indicators within education and healthcare. For instance, life expectancy more than doubled from 1960 to 2020 and child mortality and maternal mortality drastically decreased. On the education side, educational attainment has significantly increased over the last decades and more than 9 in 10 people are literate in English. Maldives’ past development path has placed pressure on its blue natural capital (marine and coastal ecosystems). In addition to the cost to natural capital, there has also been a deterioration in fiscal and debt stability, due in parts to the financing of the infrastructure investments. Environmental degradation threatens key economic pillars like tourism and fishing. Moreover, natural capital is the first line of defense against disasters and climate change, especially sea level rise. Against this backdrop, the CEA of the Maldives documents the main sustainable natural resource and environmental management challenges and provides recommendations for transitioning to a more sustainable, resilient, and inclusive Blue Economy.
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Format: | Report biblioteca |
Language: | English en_US |
Published: |
Washington, DC: World Bank
2024-02-20
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Subjects: | ECONOMIC GROWTH, INFRASTRUCTURE, HUMAN CAPITAL, BLUE ECONOMY, NATURAL CAPITAL, CLIMATE CHANGE, |
Online Access: | http://documents.worldbank.org/curated/en/099021524234511634/P1784891f12d1a0cd18d5516f8fcf6ceaf4 https://hdl.handle.net/10986/41085 |
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Summary: | Maldives’ past development path has
led to significant improvements in physical capital
(infrastructure and related services), and human capital
(such as health and education). Over recent decades, the
Maldives has witnessed remarkable economic growth. The
nation doubled its real income per capita within a 20-year
period, transitioned from low to middle-income status, and
substantially reduced poverty. This economic growth path was
complemented by considerable advancements in infrastructure,
including developments in roads, harbors, and ports, as well
as ensuring wider access to essential utilities like
electricity, water, sanitation, and the internet. From 1966
to 2022, the Maldives inaugurated 17 airports and, achieved
universal electricity access by 2014 (from 84 percent in
2000), showcasing its significant growth in produced
capital. The country’s human capital has also seen marked
progress, with notable achievements in key indicators within
education and healthcare. For instance, life expectancy more
than doubled from 1960 to 2020 and child mortality and
maternal mortality drastically decreased. On the education
side, educational attainment has significantly increased
over the last decades and more than 9 in 10 people are
literate in English. Maldives’ past development path has
placed pressure on its blue natural capital (marine and
coastal ecosystems). In addition to the cost to natural
capital, there has also been a deterioration in fiscal and
debt stability, due in parts to the financing of the
infrastructure investments. Environmental degradation
threatens key economic pillars like tourism and fishing.
Moreover, natural capital is the first line of defense
against disasters and climate change, especially sea level
rise. Against this backdrop, the CEA of the Maldives
documents the main sustainable natural resource and
environmental management challenges and provides
recommendations for transitioning to a more sustainable,
resilient, and inclusive Blue Economy. |
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