Maldives, EU Ink Biodiversity Agreement, Pledge Collaboration in Multiple Areas

The Maldives and the European Union signed a financing agreement on 'Improved Biodiversity Management to Support a Blue Economy in the Maldives', allocating MVR 97.2 million under the EU's Multi-Annual Indicative Programme (MIP) 2021-2027. The signing occurred during the Fifth Senior Officials Meeting co-chaired by Foreign Secretary Fathimath Inaya and Deputy Managing Director Paola Pampaloni. Both sides reaffirmed cooperation on democratic reforms, green transition, climate change, governance, human rights, and security. The Maldives is completing procedures to sign the Samoa Agreement. The biodiversity deal precedes negotiations for an Economic Partnership Agreement (EPA) with the EU. The Maldives sought EU support for waste management and renewable energy to meet 33% of electrical needs. The EU also supports a EUR 45 million EIB loan for the Sustainability Energy Development Programme, and an MVR 74.8 million EU-UNDP partnership (AIM Project) for accountability.

The Maldives and the European Union signed a financing agreement on 'Improved Biodiversity Management to Support a Blue Economy in the Maldives', allocating MVR 97.2 million under the EU's Multi-Annual Indicative Programme (MIP) 2021-2027. The signing occurred during the Fifth Senior Officials Meeting co-chaired by Foreign Secretary Fathimath Inaya and Deputy Managing Director Paola Pampaloni. Both sides reaffirmed cooperation on democratic reforms, green transition, climate change, governance, human rights, and security. The Maldives is completing procedures to sign the Samoa Agreement. The biodiversity deal precedes negotiations for an Economic Partnership Agreement (EPA) with the EU. The Maldives sought EU support for waste management and renewable energy to meet 33% of electrical needs. The EU also supports a EUR 45 million EIB loan for the Sustainability Energy Development Programme, and an MVR 74.8 million EU-UNDP partnership (AIM Project) for accountability.

The Maldives and the European Union signed a financing agreement on 'Improved Biodiversity Management to Support a Blue Economy in the Maldives', allocating MVR 97.2 million under the EU's Multi-Annual Indicative Programme (MIP) 2021-2027. The signing occurred during the Fifth Senior Officials Meeting co-chaired by Foreign Secretary Fathimath Inaya and Deputy Managing Director Paola Pampaloni. Both sides reaffirmed cooperation on democratic reforms, green transition, climate change, governance, human rights, and security. The Maldives is completing procedures to sign the Samoa Agreement. The biodiversity deal precedes negotiations for an Economic Partnership Agreement (EPA) with the EU. The Maldives sought EU support for waste management and renewable energy to meet 33% of electrical needs. The EU also supports a EUR 45 million EIB loan for the Sustainability Energy Development Programme, and an MVR 74.8 million EU-UNDP partnership (AIM Project) for accountability.

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