Vice President Uz Hussain Mohamed Latheef has emphasized the urgent need for private sector engagement in development efforts during his address at the Commonwealth Business Forum: Island Leaders Round Table, held in conjunction with the 2024 Commonwealth Heads of Government Meeting (CHOGM) in Samoa.
In his remarks, the Vice President proposed several actions aimed at ensuring long-term resilience for Small Island Developing States (SIDS) and fostering widespread prosperity. He highlighted the importance of creating an enabling environment to attract private sector collaborations focused on sustainability and strengthening business-to-business interactions.
The Vice President underscored the Maldives' stunning natural beauty and diverse ecosystems, while also acknowledging the significant challenges the nation faces due to climate change and difficulties in accessing finance. However, he asserted that the Maldives refuses to be defined by its vulnerabilities, asserting that SIDS should have control over their own destinies.
Further elaborating on the Maldives' development ambitions, the Vice President conveyed President Dr. Mohamed Muizzu’s bold vision for a more resilient and prosperous nation, aiming for the Maldives to transition into a developed country by 2040. He also pointed out ongoing efforts to diversify the economy by incorporating new sectors, including information and communication technology (ICT), finance, and renewable energy.
Inviting the Commonwealth business community to support the Maldives in its transformative journey, the Vice President expressed his hope for meaningful partnerships that would lead to shared prosperity for all.
The Vice President is in Samoa for an official visit to participate in CHOGM, accompanied by a high-level government delegation.
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In his remarks, the Vice President proposed several actions aimed at ensuring long-term resilience for Small Island Developing States (SIDS) and fostering widespread prosperity. He highlighted the importance of creating an enabling environment to attract private sector collaborations focused on sustainability and strengthening business-to-business interactions.
The Vice President underscored the Maldives' stunning natural beauty and diverse ecosystems, while also acknowledging the significant challenges the nation faces due to climate change and difficulties in accessing finance. However, he asserted that the Maldives refuses to be defined by its vulnerabilities, asserting that SIDS should have control over their own destinies.
Further elaborating on the Maldives' development ambitions, the Vice President conveyed President Dr. Mohamed Muizzu’s bold vision for a more resilient and prosperous nation, aiming for the Maldives to transition into a developed country by 2040. He also pointed out ongoing efforts to diversify the economy by incorporating new sectors, including information and communication technology (ICT), finance, and renewable energy.
Inviting the Commonwealth business community to support the Maldives in its transformative journey, the Vice President expressed his hope for meaningful partnerships that would lead to shared prosperity for all.
The Vice President is in Samoa for an official visit to participate in CHOGM, accompanied by a high-level government delegation.
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Let me know if you need any adjustments or additional information!
