The Asian Development Bank (ADB) approved a financing package of $21.95 million to strengthen the Maldives’ ability to tackle climate change and promote the long-term sustainability of its food systems.
The funding includes a $4 million concessional loan and a $17.95 million grant for ADB’s vulnerable member nations.
Michiko Katagami, ADB Principal Natural Resources and Agriculture Economist said, “Majority of Maldives’ islands and atolls lie less than one meter above sea level making them highly vulnerable to climate change.”
She added, “Threats such as coastal erosion, sea level rise, and increasing frequency of cyclones pose a major concern for short- and long-term food security of the population. Increasing extreme weather events cause food supply chain disruptions for the import-dependent country.”
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The Enhancing Climate Resilience and Food Security Project enhances early warning systems in Addu City and Malé to improve the Maldives’ capacity for climate disaster management.
These upgrades will equip the Maldives Meteorological Service to monitor weather conditions in real-time and provide timely warnings.
The project also includes community training on climate adaptation, disaster preparedness, and response.
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Kulhudhuffushi Island will enhance flood protection with stormwater drainage systems and
mangrove restoration due to its high population density.
Coastal defenses like artificial reefs, berms, and groynes will be built to combat erosion and protect sand.
ADB will promote climate-smart urban farming techniques to enhance food security in the Haa Dhaalu and Addu atolls
The Hanimaadhoo Agriculture Center will create a facility for training and support aimed at local farmers, especially women and youth.
Additionally, matching grants will support beneficiaries in expanding their businesses, increasing the local food supply and generating employment.
This project will receive $3 million from the Japan Fund to enhance HAC operations and promote agri-tech.
Furthermore, a $1 million Ocean Resilience and Coastal Adaptation Trust Fund grant will support flood mitigation and coastal protection efforts.
An additional $1.5 million from ADB’s Technical Assistance Special Fund and ORCATF will focus on capacity building and research initiatives.
The ADB project aims to enhance Maldives’ climate resilience, promote sustainable food security, and boost local economic growth.
