Today marks a proud and historic milestone for the nation as the Maldives is elected to the United Nations Economic and Social Council (ECOSOC) for the 2027–2029 term — for the first time in our 60 years of membership at the United Nations.
This achievement reflects the trust and confidence that the international community places in our nation and in our commitment to constructive multilateral engagement.
As a Small Island Developing State, the Maldives understands firsthand the urgent challenges faced by vulnerable nations, from climate change and economic resilience to sustainable development. Our seat at ECOSOC gives us a stronger platform to advocate for the priorities and aspirations of small island developing States and developing countries around the world.
Together with our partners, the Maldives will work to strengthen international cooperation, accelerate progress on sustainable development, and shape a ECOSOC that will result in fair finance, stronger delivery, and resilient futures.
In May 2018, Fitch rated the Maldives at ‘B+’. Under the MDP administration, the rating collapsed to critically low levels due to severe fiscal pressures and poor debt management, falling sharply from B+ to CC.
Today’s upgrade to ‘CCC-’ from ‘CC’ reflects the success of bold economic reforms, prudent debt management, and strong fiscal discipline under the leadership of President @MMuizzu . We are back on the right track.