COVID-19 pandemic is much more than a health crisis. By stressing every one of the countries it touches, it has the potential to create devastating social, economic and political crises that will leave deep scars.
We are helping the Government to determine the economic impact of the COVID19 outbreak and its response on the self-employed, and on small and medium size businesses. In addition, we are assisting in identifying and developing strategies to mitigate the resulting potential social consequences, such as increased unemployment and loss of income, heightened strains within households, and increased inequalities between different demographic groups
The Ministry of Economic Development (MED) is taking the lead in collaboration with other Government Ministries and the National Bureau of Statistics (NBS) to undertake a rapid livelihood assessment to determine the level and nature of impact of the crisis on employment and Micro-Small and Medium Enterprises (MSMEs) in order to develop a timely impact mitigation and economic response plan. The technical assistance for the assessment is provided by the United Nations Development Programme (UNDP) in the Maldives and the Maldives National University (MNU).
The field-based data collection for the assessment will begin on during the second week of April 2020. The main target respondents of the field-based data collection include officials of tourist resort management, employees, micro-small and medium enterprise representatives and representatives of various associations that represent business and or employee interests. Taking in to account the limitations in mobility and to ensure public safety, the field data collection will be carried out through non-contact methods such as phone based and online surveys and online discussions.
Announcement from the Ministry of Economic Development about the Rapid Livelihoods Assessment
The first phase of the assessment focusing on the tourism sector has been completed and the report has been published. Report can be accessed here
The UNDP MED team is working on the final phase to update resort employment data and will have a new addition looking at impact on MSMEs. The final report is expected to completed by mid-July.
Assessment's being supported
- Rapid Economic and Livelihoods Assessment
- Socio-Economic Impact Assessment
- Climate Change/Water Security Assessment
“As the Government starts designing stimulus packages and other responses, this presents an unprecedented opportunity for transforming the economic structure to be low-carbon, climate-resilient and inclusive. UNDP is pleased to be part of the process.” - UNDP Maldives Resident Representative, Akiko Fujii