The Maldives Monetary Authority (MMA) has launched national frameworks for financial inclusion and sustainable finance, alongside a new entity to manage the country’s payment infrastructure. These initiatives aim to strengthen the financial ecosystem and support socio-economic development.
The National Financial Inclusion Strategy (NFIS) is designed to create a more financially inclusive environment and is structured around five pillars: Access to Finance, Islamic Finance, Digital Finance, Inclusive Green Finance, and Consumer Empowerment & Financial Literacy. The strategy seeks to address challenges faced by different segments of society in accessing financial services and emphasizes the role of external stakeholders in its implementation.
The National Sustainable Finance Roadmap aims to direct financing towards climate action and sustainable development priorities. It encourages the creation of green, social, and sustainability-linked financial products, strengthens regulatory frameworks, and channels capital into climate adaptation, renewable energy, sustainable housing, and resilient infrastructure projects.
To support digital financial transactions, the MMA has established Payment Maldives, which will provide secure, inclusive, and robust infrastructure for digital payments. These three initiatives were officially launched on 22 December 2025 by President Dr. Mohamed Muizzu and MMA Governor Ahmed Munawar.
During the launch ceremony, Deputy Governor Aishath Asna Hamdi highlighted the country’s progress in financial inclusion and outlined the NFIS’s roadmap to achieving its goals. President Muizzu also presented an Appreciation Award to Chee Soo Yuen, Deputy Chief Executive Officer and Chief Operations Officer of AFI, in recognition of AFI’s technical support in developing the NFIS.
