President Dr Mohamed Waheed has today launched the Maldives Economic Diversification Strategy (MEDS).
Speaking at the MEDS launching ceremony, President Dr Waheed highlighted the importance of maintaining investor and consumer confidence. He said this could be achieved by creating wealth, reducing government spending and by formulating policies that would increase investor confidence.
The President said, steps have already been taken to implement the MEDS mainly in the areas of health, fisheries, trade, tourism and transport.
He expressed hope that all key stakeholders would give their full support and cooperation in meeting the economic diversification goals outlined in the MEDS.
The MEDS was developed by the Ministry of Economic Development though consultation and discussions with government, private sector, non-governmental organizations and academia. The MEDS presents a ten-year strategy, with defined performance targets