Maldives strengthens ties with AIIB for climate-resilient development at COP29

14 Nov 2024 | 10:18
President Dr. Mohamed Muizzu in a meeting with Mr. Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB). (Photo/ President's Office)

On the sidelines of COP29, President Dr. Mohamed Muizzu held a productive meeting with Mr. Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB).

The discussions centered on strengthening support for the Maldives’ climate adaptation and sustainable development goals.

President Muizzu expressed his appreciation for AIIB’s vital support in facilitating Maldivian development projects, noting the significant role the bank has played in advancing the Maldives’ ambitious vision for the future.

He highlighted the nation’s 20-Year Development Master Plan, which prioritizes resilience and adaptation to climate change, and emphasized the importance of continued AIIB backing to achieve these long-term goals.

Reaffirming AIIB’s commitment to sustainable development, Mr. Jin expressed the bank's continued support for the Maldives, especially in areas crucial for climate resilience and economic growth.

Both leaders discussed the need to diversify resource channels sustainably and agreed to enhance cooperation in sectors aligned with the Maldives’ climate and development objectives.

President Dr. Muizzu is currently in Baku, Azerbaijan, leading the Maldives' delegation at COP29, the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC).

Comments