Faris Hadad-Zervos, the World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka, has expressed the World Bank’s readiness to assist the Maldives in post-COVID economic recovery.
The World Bank’s Country Director concluded his two-day visit to the Maldives today as part of the World Bank’s ongoing support for the country’s efforts to recover from the unparalleled health and economic effects of COVID-19.
The Country Director stated that the Maldives’ tourism industry has seen a significant turnaround since late last year, due to the country’s progressive measures and adherence to guidelines, with the economy now on the mend.
“Building on the positive economic outlook, Maldives can achieve a greener and more resilient growth and development that benefits all Maldivians through active management of its macro-fiscal situation and debt vulnerabilities”, he added.
During the two-day visit, the Country Director met with several ministers including Finance Minister Ibrahim Ameer and Economic Minister Fayyaz Ismail. He also conducted a meeting with MMA Governor Ali Hashim.
The meetings’ discussions centered on the macro-fiscal environment and the effect of COVID-19 on the country’s economy. The Country Director also expressed the World Bank’s willingness to assist the Maldives in rebuilding for inclusive and sustainable economic growth and achieving its development objectives.