Speech by His Excellency Hussain Mohamed Latheef, Vice President of the Maldives, at the General Debate of the Fourth International Conference on Financing for Development

Vice President Hussain Mohamed Latheef delivered a speech at the General Debate of the Fourth International Conference on Financing for Development in Seville. He thanked Spain and the UN. He highlighted that structural barriers in the global financial system hinder development for developing countries. Under President Muizzu, the Maldives aims to become a developed country by 2040, investing in economic expansion, international bunkering services, trade partnerships, and a modern financial system including the Maldives International Financial Services Authority and the Development Bank of Maldives. The new terminal at Velana International Airport will open in July, tripling capacity to 7 million passengers. He advocated for a 'debt relief for resilience-building' mechanism and called for reforming the international financing system.

Vice President Hussain Mohamed Latheef delivered a speech at the General Debate of the Fourth International Conference on Financing for Development in Seville. He thanked Spain and the UN. He highlighted that structural barriers in the global financial system hinder development for developing countries. Under President Muizzu, the Maldives aims to become a developed country by 2040, investing in economic expansion, international bunkering services, trade partnerships, and a modern financial system including the Maldives International Financial Services Authority and the Development Bank of Maldives. The new terminal at Velana International Airport will open in July, tripling capacity to 7 million passengers. He advocated for a 'debt relief for resilience-building' mechanism and called for reforming the international financing system.

Vice President Hussain Mohamed Latheef delivered a speech at the General Debate of the Fourth International Conference on Financing for Development in Seville. He thanked Spain and the UN. He highlighted that structural barriers in the global financial system hinder development for developing countries. Under President Muizzu, the Maldives aims to become a developed country by 2040, investing in economic expansion, international bunkering services, trade partnerships, and a modern financial system including the Maldives International Financial Services Authority and the Development Bank of Maldives. The new terminal at Velana International Airport will open in July, tripling capacity to 7 million passengers. He advocated for a 'debt relief for resilience-building' mechanism and called for reforming the international financing system.

This story involves 1 source and may affect public understanding of financing for development / debt relief.