Maldives host side event at SIDS4 highlighting public-private partnership roles in climate resilience

The Ministry of Climate Change, Environment and Energy hosted the second side event of the Maldives at the ongoing 4th International Conference on Small Island Developing States (SIDS).

The second side event – “The Pivotal Role of Public-Private Partnerships for Climate Resilience in SIDS: Lessons from the Maldives” – was held on May 28.

According to the ministry, the purpose of this side event was to “illuminate Maldives’ development journey towards inclusive development by partnering with the private sector” amid the climate crisis, with a particular focus on the development concepts of Hulhumale’ and Ras Male’.

Maldives President Dr. Mohamed Muizzu participated in this event and gave a special keynote as well. The event was commenced by the Minister of Foreign Affairs Moosa Zameer.

The high-level panel was moderated by the Special Envoy for Climate Change of the Maldives Ali Shareef. Speakers of the panel consisted of Minister of Climate Change, Environment and Energy Thoriq Ibrahim, Minister of Housing, Land and Urban Development Dr. Ali Haidar Ahmed, Managing Director of the Housing Development Corporation (HDC) Ibrahim Fazul Rasheed, Secretary-General of the United Nations Trade and Development Rebeca Grynspan Mayufis, and United Nations Development Programme (UNDP)’s Head of Disaster Risk Reduction, Recovery, and Resilience Building Team Ronald Jackson.

In his special remarks, President Muizzu urged government to forge stronger partnerships with private entities, and foster an environment conducive to increased private-sector investment. He also highlighted the development of Ras Male’, emphasizing its cutting-edge sustainable and climate resilient features. He further underscored the objectives of Ras Male’, which include tackling the housing crisis, fostering economic prosperity, and symbolizing the Maldives’ dedication to sustainable urban living and inclusive development.

Speakers of the panel delved into the obstacles faced by the Maldives, and explored collaborative efforts among diverse stakeholders in overcoming climate challenges, identifying innovative financing mechanisms, and how public-private partnerships can offer practical solutions.

The UN organizes the Conference on SIDS every ten years. A notable aspect of the 4th International Conference on SIDS (SIDS4) is the adoption of the new Programme of Action, the Antigua and Barbuda Agenda for SIDS.

This year’s conference is themed “Charting the Course Toward Resilient Prosperity”.

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