- Economic aid to Maldives
Before the 1980s, the
Maldives received limited assistance from UN specialized agencies. Much of the external help came fromArab countries such asSaudi Arabia ,Kuwait , and the UAE, for use on an ad hoc basis rather than as part of comprehensive development plan. However, with the developmental commitment of PresidentMaumoon Abdul Gayyoom , who assumed office in 1978, Maldives received an annual average of US$15.5 million in external assistance in the form of grants and loans.In 1992, Maldives received approximately US$11.6 million in foreign aid from international agencies such as the
World Bank ,Asian Development Bank and individual countries, particularlyJapan . Other than humanitarian aid, loans and grants went for such purposes aseducation ,health ,transport ,fisheries , andharbor development.The
United Nations Development Programme is providing support to the Maldives for environmental projects.Debt growth
Debt - external: estimated in US dollars: 1998 - $188 million: 2000 - $237 million: 2004 - $316 million
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