MALDIVES
Comprising over 1,000 coral islands, the Maldives rely heavily on coral reefs for shoreline protection and tourism.
Priority Locations
UNESCO Biosphere Reserves (during the programme’s initial pilot phase)
- Addu Atoll
- Fuvahmulah Atoll
Partners
Convening Agent: United Nations Development Programme (UNDP) Maldives Country Office
Key Implementing Partners: Ministry of Environment, Ministry of Climate Change, Environment and Energy (MoCCEE), Fuvahmulah Nature Park (FNP), Addu Nature Park (ANP), Ministry of Fisheries and Ocean Resources, Marine Resources and Agriculture (MFMRA)ncing Corporation (SDFC) Business Centre Corporation (BCC), Maldives Marine Research Institute (MMRI), Addu City Council (ACC), Fuvahmulah City Council (FCC), CORDAP, MaRHE Center
2030 Targets
6K HA
Coral reefs under conservation and sustainable management target
$50M
Private investment, returns & co-financing leverage target
7K
Community members benefiting from improved resilience, sustainable livelihoods, and increased income target
Overview
The Maldives RREEF programme aims to establish sustainable financing mechanisms to support coral conservation and facilitate the development of, and investment in, projects and businesses that sustainably contribute to the resilience of coral reefs and the communities living on these atolls. The programme engages with local private sector actors, including MSMEs, in order to support the development and deployment of incubators and accelerators for coral-positive entrepreneurs and enterprises, to promote the use of and access to diverse and innovative financial instruments, and to catalyse private sector finance at scale to protect Maldives's reefs and build the resilience of local communities through the blue economy.
