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Maldives Integrated National Financing Framework (INFF)��An Overview of the Gender-Responsive Climate Financing Strategy

FINANCING SUSTAINABLE DEVELOPMENT IN ASIA-PACIFIC REGION

IN TIMES OF VOLATILITY AND UNCERTAINTIES

Ahmed Saruvash Adam

Chief Financial Budget Executive

Ministry of Finance - Maldives

Session 1. Integrated national financing frameworks: building a more sustainable national financing architecture

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The Maldives requires between $800 million – $1.5 billion per year as climate investments

Current public financing flows are not sufficient

Source: Climate Financing Strategy (2023)

Source: Ministry of Finance

Climate Investment Requirements – why do we need a financing strategy?

Ministry of Finance

Republic of Maldives

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Climate Finance Strategy - transforming challenges into opportunities

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Fossil fuel economy

A. Better aligning finance flows towards a sustainable agenda

Negative impacts of climate change

B. Mainstreaming sustainability into risk management and transparency

Lack of investments in climate change

C. Mobilizing new sources of sustainable finance

Ministry of Finance

Republic of Maldives

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16

127

Pillars

Objectives

Actions

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Maldives Climate Finance Hub (MCFH)

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  • Monitor and report on all activities of the Climate Finance Strategy

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  • Supports all international public and private climate financing affairs

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  • Supports key MoF divisions, sectoral ministries and financial regulators to build adequate capacity on climate finance

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  • Advising Government on international climate finance issues

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  • Develops results-based policy advice

The MCFH will be the focal point for climate finance related issues and in implementing the Climate Finance Strategy

Ministry of Finance

Republic of Maldives

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Thank You

For more information, visit www.finance.gov.mv