WBG, The World Bank Goup Maldives country environmental analysis: Towards a more sustainable and resilient blue economy. The World Bank, Washington DC.
Full text not available from this repository. (Request a copy)Abstract
Maldives’ past development path has led to significant improvements in physical capital (infrastructure and related services), and human capital (such as health and education). Over recent decades, the Maldives has witnessed remarkable economic growth. The nation doubled its real income per capita within a 20-year period, transitioned from low to middle-income status, and substantially reduced poverty. This economic growth path was complemented by considerable advancements in infrastructure – including developments in roads, harbors, and ports, as well as ensuring wider access to essential utilities like electricity, water, sanitation, and the internet. From 1966 to 2022, the Maldives inaugurated 17 airports and, achieved universal electricity access by 2014 (from 84% in 2000), showcasing its significant growth in produced capital. The country’s human capital has also seen marked progress, with notable achievements in key indicators within education and healthcare. For instance, life expectancy more than doubled from 1960 to 2020 and child mortality and maternal mortality drastically decreased. On the education side, educational attainment has significantly increased over the last decades and more than 9 in 10 people are literate in English. Maldives’ past development path has placed pressure on its blue natural resources. Despite notable advances in both physical and human capital, overall development has had significant consequences for the nation’s marine ecosystems and overall natural capital, especially its beaches, coastal regions, and marine ecosystems. In addition to the cost to natural capital, there has also been a deterioration in fiscal and debt stability, due in parts to the financing of the infrastructure investments. Likewise, environmental degradation threatens key economic pillars like tourism and fishing. More importantly, natural capital is the first line of defense against disasters and climate change, especially sea level rise. Against this backdrop, the CEA of the Maldives documents the main sustainable natural resource and environmental management challenges and provides recommendations for transitioning to a more sustainable, resilient, and inclusive Blue Economy.
| Item Type: | Documents |
|---|---|
| Keywords: | Maldives, Environmental Analysis, Sustainable Use, Blue Economy, Economy, Infrastructure, Governance, Capital, Marine Ecosystem, Climate Change, Disaster, Resilience, Economic Growth |
| Subjects: | Right to Resources |
| Depositing User: | Vivek D ICSF |
| Date Deposited: | 28 Feb 2024 11:20 |
| Last Modified: | 28 Feb 2024 11:25 |
| URI: | http://icsfarchives.net/id/eprint/20080 |
Actions (login required)
 |
View Item |
