AGP Executive Report
Last update: 8 hours agoClimate & Data Cooperation: Maldives Climate Minister Ali Shareef met India’s Bhupender Yadav at UNCCD COP17, pushing joint work on mangrove restoration, marine ecosystem management, climate resilience and using satellite data for environmental monitoring. Coral Restoration: ReefSeed’s second year in South Malé saw over 9 million coral gametes collected and 2,146 devices deployed across 24 sites to help reef recovery. Coconut Pest Control: A new Palm Pest Biological Control Parasitoid Rearing Center opened in Hanimaadhoo, aiming to breed beneficial insects to fight coconut palm pests. Tourism Trade: Travel Trade Maldives (TTM) opened in Malé with 130+ resorts and 250+ operators from 30 markets, boosting global partnerships. Tourism Policy Tension: Parliament rejected an emergency motion against a plan requiring resorts to exchange 40% of foreign currency earnings via the Maldives Monetary Authority, arguing it could hurt the sector. Youth & Jobs: Bank of Maldives and SME Digital disbursed over USD 19.5M (MVR 300m) to 3,000 young entrepreneurs through collateral-free financing plus mentorship. Fisheries Upgrade: India-backed Felivaru works progress, including new cold storage and freezing capacity to expand fish processing and storage.
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