The World Bank Group (WBG) has launched a preparation process for its new partnership framework with the Maldives. The process involves consultations with different stakeholders, including the government, international financial institutions, civil society, and private sector, to exchange views on the country’s development objectives and how the World Bank Group can help achieve them.
The World Bank Group is developing its new Country Partnership Framework (CPF) for the Maldives for the period of 2022 - 2026. The CPF will guide the Group’s program to help the country boost shared prosperity. The CPF is selective in that it focuses on specific objectives where there is the greatest development need, where the government sees catalytic roles for the World Bank Group’s support, and where the Group itself has distinct value.
The CPF's high level goal is to help Maldives navigate its growth path through key vulnerabilities to a greener, more resilient, and inclusive future. It reflects priorities identified in the government’s Strategic Action Plan (SAP) and National Resilience and Recovery Plan (NRR) to address the main development constraints in the country.
The CPF will also be informed by the recently updated Systematic Country Diagnostic (SCD) for Maldives, an analysis of the development opportunities and most pressing constraints in the country. The proposed CPF focuses on three high level objectives:
- Building a more inclusive, diversified, and sustainable economy
- Accelerating human capital
- Enhancing resilience to shocks
All the operations to be proposed will be designed and implemented to ensure that activities support improved jobs and services, and make them widely and equitably available to all Maldivians across the country.
Consultations will follow a hybrid approach and include an online survey, as well as virtual and face-to-face meetings with different stakeholders, including the government, international financial institutions, civil society, and private sector.
The online consultations will be held from September 3 – October 8, 2021.
The objective of the online consultations is to seek broader feedback and comments from all interested parties, on the scope and objectives of the CPF. We expect to hear views from various groups and individuals to help inform the CPF and make it more relevant for the country.