The Maldives presented its long-term economic vision to an international audience at a tourism and investment forum held in New York earlier this week, as part of efforts to strengthen investor confidence and expand development partnerships.

Dr Mohamed Waheed Hassan, former president and currently serving as Special Envoy to President Dr Mohamed Muizzu, led the presentation at the event. He outlined the country's transformation from a geographically isolated nation into a leading tourism destination and emphasised the Maldives’ continued resilience in the face of global economic challenges.

The forum showcased the Government’s Vision 2040 strategy, which sets out to elevate the Maldives to developed nation status by the country’s 75th year of independence. The plan focuses on transitioning from a mono-sector economy to one that is more diversified, resilient, and globally competitive.

Dr Waheed highlighted several reforms currently underway, including efforts to modernise the financial sector through the establishment of the Maldives International Financial Centre, supported by updated regulatory frameworks. Other priorities include the development of sustainable urban areas and expanding the fisheries sector through export-oriented strategies.

He pointed to a positive economic outlook, referencing projections of a five percent growth rate for the Maldivian economy this year. Fiscal reforms are also being implemented to improve stability, enhance transparency, and foster a climate more conducive to long-term investment.

The event served as a platform for the Maldives to position itself as an attractive and credible destination for international investors, underpinned by a strategic vision focused on sustainable growth, economic independence, and future-oriented development.