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  • Project details

  • Leading Organization:
    United Nations Development Programme (UNDP)
    Implementing Agency and Partnering Organizations:
    UNDP and the Ministry of Tourism, Arts and Culture
    Summary:

    Project Objective: Increase adaptive capacity of the tourism sector in Maldives to respond to the impacts of climate change and invest in appropriate, no-regrets adaptation measures.

    This project, supported by the GEF's Least Developed Countries Fund (LDCF), will provide the tourism sector with the required policy and regulatory support and technical skills and knowledge. It also aims to strengthen the capacity of the ministry and tourism businesses. The project will establish at least 10 new investment projects to modify operational infrastructure to increase resilience to the impact of climate change. It will implement 10 community-based adaptation projects between tourism-associated communities and operators. The project will also work to assess the feasibility of market-based risk financing mechanisms (such as weather index-insurance) and ensure that tangible private-sector investments can be leveraged.

    Project Details
    Funding Source:
    GEF-LDCF
    Financing Amount:
    1,650,438
    Cofinancing Total:
    1,650,438
    Total Amounts:
    3,300,876
    Resources:
    UNDP Maldives
    GEF Project Details: Maldives
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