Minister Moosa Zameer Discusses Global Economic Issues at Forum

Finance Minister Moosa Zameer addressed the second Global Economic Policy Forum in India, emphasizing the global economic instability caused by conflicts and natural disasters. He noted that events such as the Russia-Ukraine war and unrest in the Middle East have disrupted global markets, raising commodity prices and complicating debt repayment efforts.

Zameer highlighted the particular challenges faced by small island nations like the Maldives, which are heavily reliant on imports and tourism. He discussed the country’s vulnerability to climate change and the ongoing government initiatives in renewable energy and climate adaptation.

The Minister pointed out that overcoming these challenges requires international financial and technological support. He also mentioned opportunities for growth through strategic investments in clean energy, climate resilience, and clean water access. Zameer stressed that global cooperation and innovation are key to addressing these pressing issues.