Since 1981, the EU has been engaged with the Maldives, providing development assistance and prioritizing the archipelago’s unique set of development issues, with a special focus on its environmental imperatives. The EU also has ongoing projects to support counter-terrorism efforts, strengthen democracy, and promote human rights.
To support the Maldives’ Covid-19 response, the European Union announced EUR 3 million grant funding to the Maldives in April 2020. The funding will support the country’s health sector and the tourism industry. In addition, the European Investment Bank announced a EUR 20 million loan to the Maldives to help address the effects of Covid-19.
The EU is providing support for Climate Change Adaptation and Mitigation. An archipelago of low-lying islands, the Maldives has been identified as one of the world’s most vulnerable regions in the face of rising sea levels and climate change. The EU is committed to assist the country to mitigate the effects of this phenomenon, which could see the coral islands disappear.
The EU has allocated a total of EUR 6.5 million to support the Government of the Maldives in the development and implementation of its climate change strategy and action plan. Through these development initiatives, the EU hopes to build a climate resilient economy and society through adaptation to climate change as well as mitigation, for a carbon neutral development path.
In June 2019, the EU signed its first Financing Agreement of EUR 5 million with the Government of Maldives, to support the Government in implementing its Nationally Determined Contributions. In addition, a EUR 45 million loan to assist projects in renewable energy was signed between the Government and the European Investment Bank (EIB) as a further demonstration of EU's commitment to step up cooperation in this area
In light of the efforts underway in the Maldives to step up and coordinate the prevention of violent extremism and the countering of terrorism, the EU announced EUR 2.5 million for the Maldives to strengthen its preparedness and response capabilities.