The primary development objective of the GPS grant is to advance the use of knowledge-driven mechanisms to facilitate green, resilient, and inclusive development and recovery in the Maldives. While the analysis for incorporating a roadmap for natural capital accounts was finalize and integrated into the country environmental analysis (CEA) during the previous fiscal year, the CEA was officially launched and made publicly available in February 2024. This CEA has, in turn, played a pivotal role in shaping the Maldives Country Partnership Framework for FY2023–27, as well as its CCDR.
The grant activities have influenced the development of one lending project in FY24. The GPS-sponsored options analysis for revenue mobilization to enhance the sustainability and resilience of the blue economy has informed the design of a conservation trust fund—the Maldives Nature Fund—which will be established under the project. Moreover, assessments and recommendations for the sustainable use of fisheries resources have guided the implementation of the Transforming Fisheries Sector Management in South-West Indian Ocean Region and Maldives project.
Throughout the implementation of the analytical activities, the GPS task team has collaborated closely with various partners and stakeholders, particularly during consultation workshops and the launch of the CEA. A milestone workshop on Innovative Finance for Nature and Climate Action included participation and presentations from a diverse range of partners.
