The framework was signed at the OPEC Fund Headquarters in Vienna during an official visit by the Minister of Finance and Planning, Moosa Zameer.
Ministry of Finance and Planning
The Government of the Maldives and the OPEC Fund for International Development have signed a new Country Partnership Framework (CPF) to deepen bilateral cooperation and support the Maldives’ long-term development priorities, including climate resilience, sustainable infrastructure, renewable energy, fiscal stability, and public infrastructure development in the islands.
The framework was signed at the OPEC Fund Headquarters in Vienna during an official visit by the Minister of Finance and Planning, Moosa Zameer. It establishes a strategic platform to align the OPEC Fund’s financing and technical support with the Maldives’ national development agenda and policy objectives, with a particular focus on expanding public infrastructure in outer islands to support balanced regional development and long-term economic growth.
Minister of Finance and Planning Moosa Zameer said the agreement marked an important step in strengthening the Maldives’ partnership with the OPEC Fund.
This new Country Partnership Framework reflects our shared commitment to advancing climate resilience, sustainable infrastructure and long-term fiscal stability in the Maldives. It also supports our national efforts to expand public infrastructure in the islands, which is critical for improving connectivity, service delivery and economic opportunities at the community level.
He noted that investments in island-based infrastructure would have a direct and positive impact on livelihoods and local economies.
As a Small Island Developing State, we face increasing climate and external pressures. Partnerships such as this are essential to mobilise long-term, affordable financing for high-impact projects, including ports, transport links, water and sanitation systems and renewable energy infrastructure in the islands. These investments will strengthen resilience, stimulate local economic activity and improve the quality of life of our people.
Minister Zameer also expressed appreciation for the OPEC Fund’s long-standing support to the Maldives across key social and economic sectors.
Since 1977, the OPEC Fund has been a trusted development partner to the Maldives, supporting vital investments in water and sanitation, transport, health, education and fisheries. We value this enduring partnership and look forward to expanding our cooperation in areas such as renewable energy, climate adaptation, sustainable infrastructure and island-based public infrastructure development.
Since the start of its engagement with the Maldives in 1977, the OPEC Fund has provided more than USD440 million in development finance through public sector loans, private sector operations, trade finance and grants. Its support has covered sectors including transport, water and sanitation, fisheries, health, education and trade finance.
During the visit, discussions were also held on macroeconomic developments, climate financing needs and opportunities to strengthen cooperation. The OPEC Fund reiterated its commitment to supporting Small Island Developing States through its SIDS Initiative and the Green-Blue Connect programme, which promotes integrated climate adaptation and resilience solutions.
The Ministry of Finance and Planning said the new framework would guide future collaboration with the OPEC Fund and support the Maldives’ efforts to build a more resilient, inclusive and sustainable economy in the face of climate and development challenges.
