By As 2024 draws to a close, the Maldives celebrates a year of unparalleled growth and achievement under the visionary leadership of President Dr. Mohamed Muizzu. From groundbreaking economic reforms to pioneering initiatives in health and governance, President Muizzu has delivered a transformative agenda that has propelled the nation toward peace, prosperity, and sustainable development.
Economic Growth and Empowerment
- International Bunkering Services Introduced: Establishing the Maldives as a vital maritime hub, the introduction of international bunkering services has positioned the nation as a key player in the global shipping industry, unlocking new revenue streams and boosting economic activity.
- Development Bank of Maldives: With the opening of the Maldives Development Bank, small and medium enterprises (SMEs) now have access to tailored financial services, fueling innovation and entrepreneurship across the nation.
- Tourism Industry Reforms: A landmark dollar exchange law now mandates foreign currency exchanges within local banks, ensuring a stronger financial sector and greater control over tourism-generated revenue.
- Economic Gateway and Creative Economy Hub: Initiatives to establish the Maldives as an economic gateway and hub for the creative economy are laying the foundation for a diversified and resilient economic future.
- China Free Trade Agreement and PTA with Turkey: Strategic trade agreements with China and Turkey have opened new markets for Maldivian goods and services, enhancing bilateral trade relations and economic opportunities.
Tourism and Sustainability
- 2 Million Tourists in 2024: A record-breaking 2 million tourists visited the Maldives this year, solidifying its position as a premier global destination.
- Green Destination Award: The Maldives’ commitment to environmental sustainability was recognized with a prestigious Green Destination Award, showcasing the country’s dedication to eco-friendly tourism and conservation.
Social and Health Reforms
- Healthcare Advancements: Hulhumale’ and Dharumavantha Hospitals were upgraded to tertiary-level facilities, introducing advanced operations and treatments, including bone marrow transplants.
- IVF Under Aasandha: Fertility treatments, including IVF, are now accessible through the Aasandha scheme, fulfilling a long-held dream for many families.
- Bulk Medicine Procurement: Streamlined procurement processes have ensured affordable and consistent availability of essential medicines nationwide.
Defense, Governance, and Diplomacy
- Strengthened Sovereignty: The removal of foreign troops and diplomats from Maldivian soil demonstrated President Muizzu’s commitment to national sovereignty and independence.
- Border Surveillance: The acquisition of drones has bolstered border security, ensuring enhanced surveillance and protection.
- Resolving Illegal Expatriate Issues: Comprehensive measures to address illegal expatriates’ concerns have created a more balanced and regulated labor market.
- 196 Councils Meeting: President Muizzu met with all 196 local councils, fostering closer collaboration between the central government and communities.
- 20-Year National Development Plan: Work has begun on a 20-year master development plan, charting a clear path toward national progress and sustainable development.
Religious and Social Harmony
- Ramadan Initiative: For the first time, government offices were closed during the last ten days of Ramadan to allow focus on spiritual practices, reflecting the administration’s commitment to religious values.
Public Welfare
- Fishermen’s Pending Payments Released: In a move to support the nation’s fishing communities, long-delayed payments to fishermen were finally disbursed.
- SDFC New Loan Schemes: Expanded loan schemes through the Small and Medium Enterprises Development Finance Corporation (SDFC) have created new opportunities for businesses and individuals.
- Vape Ban and Cigarette Tax Increase: A decisive ban on vaping and higher cigarette duties have underscored the government’s dedication to public health and wellbeing.
Peace and Prosperity
The year 2024 marks a turning point for the Maldives, with President Muizzu’s leadership fostering unprecedented peace and prosperity. From addressing pressing social issues to spearheading transformative economic and health reforms, his administration has charted a path toward a brighter and more sustainable future for all Maldivians.
As the nation looks forward to 2025, the people of the Maldives can take pride in the remarkable progress achieved and the strong foundation laid for continued success under President Dr. Mohamed Muizzu’s leadership.