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World Bank Vice President for South Asia pays a courtesy call on the President

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Martin Raiser, the World Bank Vice President for South Asia, has paid a courtesy call on President Dr. Mohamed Muizzu. The meeting was held at the President’s Office.

The President expressed his gratitude to the World Bank for its continued support and assistance to the Maldives. President Dr. Muizzu and Vice President Raiser held comprehensive discussions on the Government’s strategies for short-term and long-term economic growth and financial stability.

President Dr. Muizzu outlined several policy initiatives proposed by his administration, including a commitment to public sector reform, which was announced in his Presidential Address. Vice President Raiser, in response, offered his expertise and support to the Maldives in its economic management efforts.

The courtesy call concluded positively, with President Dr. Muizzu and Vice President Raiser expressing enthusiasm for future collaborations and partnerships.

Source(s): PsmNews

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India denies claims by Maldivian government on unpermitted operation

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India has denied the claims made by Maldivian Defense Minister Ghassan Maumoon last week, alleging Indian military pilots had carried out an operation in the Maldives without the necessary permits.

The High Commission of India in the Maldives released a statement on Tuesday, stating that Indian aviation platforms in the Maldives have always operated as per the agreed procedures and with due authorization.

On the contrary, while speaking at a press conference on Saturday, Minister Ghassan said he had knowledge of one of the aviation platforms undertaking an unpermitted trip. He went onto detail an incident where one of the Indian-operated helicopters landed in Th. Thimaraushi, allegedly without permission – a case which he said was reviewed by the Parliament’s Committee on National Security Services (241 Committee), when he had been a lawmaker.

Referencing the remarks by the Minister, the High Commission said the particular incident which saw an emergency landing at Thimarafushi on October 9th, 2019, was “necessitated due to an unforeseen exigency”.

They added that the landing was carried out after taking necessary on-ground approvals from Air Traffic Control (ATC) to ensure the safety and security of the platform and crew.

Source(s): sun.mv

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Maldives calls for strong measures to maintain tuna stocks at IOTC

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The Maldives has called for strong measures to sustain tuna stocks at the 28th session of the Indian Ocean Tuna Commission (IOTC).

A high-level delegation from the Ministry of Fisheries and Ocean Resources is attending the five-day session in Bangkok, Thailand. It will address various issues related to the sustainability of tuna stocks in the Indian Ocean.

The Maldives is advocating for member states to prioritise the sustainability of tuna stocks, focusing on the adoption of strong management measures for drifting Fish Aggregating Devices (FADs) and shark conservation. Additionally, the Maldives will push for the implementation of a management procedure for skipjack tuna.

During the session, the Maldives emphasised the need for science-based management plans to protect against threats to fisheries and to enhance the restoration and management of tuna stocks. The Maldives also aims for the IOTC to lead Regional Fisheries Management Organisations (RFMOs) in adopting science-based conservation and management measures, reflecting the nation’s dedication to the well-being of coastal communities and the health of tuna stocks.

The IOTC is an intergovernmental organisation responsible for managing tuna and tuna-like species in the Indian Ocean.

Source(s): PsmNews

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Maldives to seek UK’s assistance to develop finance sector

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Maldivian Economic Minister Mohamed Saeed, on Monday, traveled to the United Kingdom (UK) to attend the Commonwealth Trade and Investment Roundtable.

According to the Economic Ministry, the purpose of the Minister’s visit is to seek assistance from the participants of UK financial sector in order to develop a vibrant financial market in the Maldives, which the Ministry states is vital for the nation’s economic and social development.

The discussions held by the Minister in this regard will center on the development of Maldives International Financial Services Authority and Development Bank.

In this regard, the Economic Ministry said the visit will pave the way to establish formal working relationships with UK financial services firms on modernizing legal framework, financial sector infrastructure and the development of a modern and world-class governance strategy and operations for the establishment of international financial centres in the Maldives.

Minister Saeed, as part of these efforts, will meet UK government officials, members of the House of Lords and representatives from the UK financial and professional services industry in the course of the visit.

Source(s): sun.mv

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