The development of tourism in Maldives which accounts for 30 percent of the GDP has increased the per capita GDP to $3,000. This is an impressive achievement, the highest in the region.
The Asian tsunami of December 26, 2004 hit the Maldives very badly and killed 82 and caused substantial damage to tourism, housing, and fishing infrastructure in the islands. It proved once again the gross unequal development between the residents in Male' and those living in the outer islands.
The World Bank has approved a $7.7 million to improve the mobile banking service in Maldives. According to Maldives Monetary Authority (MMA), this mobile phone banking service will bring a revolution to the financial sector. Work is underway to introduce the service early next year.
While we should applaud the growth and development in the financial sector, it is important to press on and improve the social sector. It is vital to eradicate poverty, provide a national health care to all and create opportunities that can empower the people in the islands.
The present method of development is creating an an elitist class of people in Male' while neglecting the social development of the citizens living in the other islands. This trend has to be reversed to avoid social tension.
Subscribe to:
Post Comments (Atom)
1 comment:
Hello. This post is likeable, and your blog is very interesting, congratulations :-). I will add in my blogroll =). If possible gives a last there on my blog, it is about the Livros e Revistas, I hope you enjoy. The address is http://livros-e-revistas.blogspot.com. A hug.
Post a Comment