POLICY AND INCLUSIVE GROWTH
Maldives has achieved significant economic growth over the past decade, and has graduated to a Middle Income Country in 2011. The country has fared remarkably well on the Millennium Development Goals, achieving five out of the eight goals ahead of the 2015 deadline. Despite these significant achievements, there are a number of critical factors such as rising unemployment, especially among youth and women, increasing income disparities, the current global economic downturn, and national macroeconomic imbalances that are likely to pose considerable risks to the socio-economic situation of the country.
In light of this and in response to growing national demands for evidence-based policy making and programming, the poverty reduction portfolio of UNDP Maldives has been gradually shifting from the traditional implementation of small community level projects to providing more up-stream support.
This is being done through the Policy and Inclusive Growth Unit, which is assisting to draft new legislations, develop national employment frameworks, and facilitating market integration through continuous efforts to create and sustain market linkages between MSMEs and the private sector. Additionally, the unit is also assisting to revive the National Human Development Report formulation after a significant gap of 12 years since the last report, and to provide support to establish the Maldives Institute of Policy Studies (MIPS).
UNDP advocates for nationally-owned solutions and helps to make them more effective by ensuring a greater voice for poor and vulnerable communities. We enhance the capacity of government agencies, partners and vulnerable groups to mitigate economic and social vulnerabilities, particularly among women and youth. We aim to provide sound policy advice and technical support to the Government using UNDP's global network and knowledge management expertise. We also facilitate policy dialogue and knowledge-sharing within Maldives, as well as with other countries faced with similar middle-income country challenges. UNDP works to expand access to productive assets and economic opportunities, and link programmes with the country’s economic and financial policies, to achieve equitable growth and sustainable development.