The Maldives Capital Market Development Authority (CMDA) and the United Nations Development Programme (UNDP), supported by the UK Government, launched a Joint Financing Facility (JFF) to help micro, small and medium enterprises (MSMEs) finance projects aligned with the “Blue Economy” concept. The facility establishes a financing framework aimed at addressing long-standing barriers to accessing capital for value-added, sustainability-oriented businesses. The JFF is designed to enable concessional funding by covering a predetermined portion of financing costs incurred by banks, principal advisers and other financial service providers supporting eligible firms. It focuses on MSMEs in fisheries, tourism, and marine trade and services, and is positioned as a mechanism to mobilise sustainable investment through both banking and capital market channels; further information is set out in the Request for Expression of Interest and its annexes.
Maldives Capital Market Development Authority 2025-08-06
Maldives Capital Market Development Authority and UNDP launch joint financing facility to de-risk lending for blue economy MSMEs
The Maldives Capital Market Development Authority and the United Nations Development Programme, supported by the UK Government, launched a Joint Financing Facility to aid micro, small, and medium enterprises in the "Blue Economy" sector. This facility aims to overcome capital access barriers by providing concessional funding for eligible firms in fisheries, tourism, and marine trade, seeking to mobilize sustainable investment through banking and capital market channels.