Maldives

Since 2018, the International Policy Centre for Inclusive Growth (IPC-IG) has partnered with the UNICEF Regional Office for South Asia and its respective Country Offices to develop a series of comparative papers on social protection (SP) in the region, covering: social expenditure, legal frameworks, design of flagship national non-contributory SP programmes— including their child- and gender-sensitive features—the socio-economic impacts of the COVID-19 crisis and the SP responses deployed, and findings from quasi-experimental impact evaluations.

This Act determines the fundamental principles relating to employment in the Maldives, the rights and obligations of employers and employees, establishes a Labour Relations Authority and an Employment Tribunal to protect such rights, and makes provision for all other matters related to employment

[AP9]

This document compiles the acts to make provision for the establishment of the Capital Market Development Authority, for the purpose of developing and regulating a capital market in the Maldives, issue of licenses in relation to capital market activities of the securities market where necessary and for matters connected therewith or incidental thereto and its further amendments.

[AP9]

This Act provides for the establishment and operation of a retirement Pension Scheme from the proceeds of the investment from specified contribution made by both employer and employee; and other pension schemes funded from the government budget, in order to provide pension to employees.

[AP9]

The purpose of this report is to assist the Government of the Maldives in the design and implementation of social protection reforms, in particular for pensions and safety nets. The report includes an overview of poverty, risk and vulnerability in Maldives as well as analysis of the role and effectiveness of pensions and social assistance policies in helping poor households mitigate and cope with risks. Based on the analysis, the study delineates a menu of options for reform of the existing pension and social safety net system.

In the busy streets of Male, the capital of Maldives, Aminath Waheed picks up passengers, blazing a trail as the city’s only female taxi driver. In the hills of Nepal, 30-year-old Madhukala Adhikari works as a mobile mason, helping families rebuild houses that were destroyed in the 2015 earthquake. And in Chittagong, Bangladesh, Morsheda Begum is a garment worker turned successful entrepreneur, running her own tailoring shop and supporting her school-aged boys.