Vienna: The OPEC Fund for International Development (OPEC Fund) and the Government of the Maldives have signed a new Country Partnership Framework (CPF) to deepen cooperation and support the island nation's long-term development priorities. The signing ceremony took place at the OPEC Fund Headquarters in Vienna, attended by Moosa Zameer, Minister of Finance and Planning of the Maldives.
According to Emirates News Agency, the agreement establishes a strategic platform for collaboration, aligning the OPEC Fund's support with the Maldives' national objectives, which include climate resilience, sustainable infrastructure, renewable energy, and fiscal stability. The partnership aims to address the unique challenges faced by Small Island Developing States, such as environmental and external pressures.
OPEC Fund President Abdulhamid Alkhalifa emphasized the significance of the Maldives as a long-standing partner. He highlighted the OPEC Fund's commitment to sustainable development and climate resilience, noting its role as the leading international lender in the Maldives' water and sanitation sector. The partnership is set to expand support for high-impact investments aimed at improving the lives of the Maldivian people.
