Remarks by His Excellency Hussain Mohamed Latheef, Vice President of the Republic of Maldives at the 4th International Conference on Financing for Development (FfD4), Maldives Side Event: Empowering MSMEs in SIDS through Grants: Lessons from the Maldives Experience

Vice President Hussain Mohamed Latheef delivered remarks at a Maldives side event on empowering MSMEs in SIDS through grants during the 4th International Conference on Financing for Development. He highlighted that over 90% of registered businesses in the Maldives are MSMEs, which are key to employment and innovation. The government focuses on three areas: innovation (Creative Economy Strategic Action Plan), inclusion (Fashaa Madhadhu Loan for women entrepreneurs with $6.4 million allocated, 25% reserved for women with disabilities), and infrastructure (expanding banking, transportation, and digital infrastructure under Maldives 2.0). He emphasized that empowering MSMEs is about dignity, opportunity, and resilience.

Vice President Hussain Mohamed Latheef delivered remarks at a Maldives side event on empowering MSMEs in SIDS through grants during the 4th International Conference on Financing for Development. He highlighted that over 90% of registered businesses in the Maldives are MSMEs, which are key to employment and innovation. The government focuses on three areas: innovation (Creative Economy Strategic Action Plan), inclusion (Fashaa Madhadhu Loan for women entrepreneurs with $6.4 million allocated, 25% reserved for women with disabilities), and infrastructure (expanding banking, transportation, and digital infrastructure under Maldives 2.0). He emphasized that empowering MSMEs is about dignity, opportunity, and resilience.

Vice President Hussain Mohamed Latheef delivered remarks at a Maldives side event on empowering MSMEs in SIDS through grants during the 4th International Conference on Financing for Development. He highlighted that over 90% of registered businesses in the Maldives are MSMEs, which are key to employment and innovation. The government focuses on three areas: innovation (Creative Economy Strategic Action Plan), inclusion (Fashaa Madhadhu Loan for women entrepreneurs with $6.4 million allocated, 25% reserved for women with disabilities), and infrastructure (expanding banking, transportation, and digital infrastructure under Maldives 2.0). He emphasized that empowering MSMEs is about dignity, opportunity, and resilience.

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