3 October 2017, New York The Permanent Representative of Maldives to the United Nations, Dr. Ali Naseer Mohamed today highlighted economic progress of the Maldives and noted key areas in which the UN can play an important role in the economic development of countries. While nothing the significant contribution of the UN for the economic development of the Maldives, he said that the economic success of the Maldives can be explained through four interrelated strategies that the Maldives pursued: partnerships, investment, innovation and resilience building. In his statement, he reflected on the importance of partnerships, sound investments, innovative solutions and sustainable use of natural resources for the Maldives. He highlighted that Maldives has invested heavily in capital infrastructure and human capacity. This together with the recognition of the integral role of women and youth in the implementation of the Agenda for sustainable development has been crucial for the past success and for the graduation of the Maldives to an Upper Middle Income country. Ambassador Mohamed however noted the difficulties small islands such the Maldives face in securing financing. He said that while the need for more foreign investment is required to boost further economic growth, the lending frameworks at International Financial Institutions do not favour small states. According to him this was one area in which the United Nations could play an important role. In this statement he also highlighted the importance of building national resilience, especially as small states, to external shocks, to natural disasters and impacts of climate change. 'We believe that the United Nations is placed in an extraordinary position to help its member states in building and strengthening their national resilience' he said. ENDS