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The Maldives has experienced relatively low inflation throughout the recent years. Real GDP growth averaged about 10% in the 1980s. It expanded by an exceptional 16.2% in 1990, declined to 4% in 1993, and, over the 1995–2004 decade, real GDP growth averaged just over 7.5% per year.
The Maldives are made up of around 1,200 islands, of which only 200 are inhabited by humans. [5] This makes the country highly susceptible to global warming effects such as rising sea levels. Many World Bank projects have focused on this threat including the Maldives Environmental management Project (2008), Sustainable Fisheries Resource ...
The Maldives, [d] officially the Republic of Maldives, [e] and historically known as the Maldive Islands, is a country and archipelagic state in South Asia in the Indian Ocean. The Maldives is southwest of Sri Lanka and India , about 750 kilometres (470 miles; 400 nautical miles) from the Asian continent's mainland.
The tropical Maldives may lose entire islands unless it can quickly access cheap financing to fight the impact of climate change, its foreign minister said. The archipelago's former president ...
On 10 April 2011, the Government announced a limited float of the currency within a band of 20% from the previous exchange rate of 12.80. Due to short supply of US Dollars, the official rate quoted by all banks as on 10 May stands as follows: Buy Rate USD 1.00 = MVR 14.42; Sell Rate USD 1.00 = MVR 15.42.
Thilafushi-2, area with heaviest industrialization. Today Thilafushi has a landmass of more than 4.6 million ft. 2 (0.43 km²). The speedy terrestrial growth of Thilafushi was observed by the Government, and in November 1997, it was decided that land was to be leased to entrepreneurs interested in acquiring land for Industrial sector industrial purposes.
The land area of the island was described as being 37.4 ha (92 acres) in 2018. [4] However, in 2017, a land reclamation scheme was completed, which increased the land area by 40 ha (99 acres), [ 5 ] but which may not be reflected by the latter-dated figure.
For administrative purposes the Maldives government organized these atolls into twenty-one administrative divisions. [2] The largest island of Maldives is Gan, which belongs to Laamu Atoll or Hahdhummathi Maldives. [3] In Addu Atoll the westernmost islands are connected by roads over the reef and the total length of the road is 14 km (8.7 mi). [4]