President Muizzu highlights Maldives’ urgent financing needs at SMI briefing in the UK

President Dr. Mohamed Muizzu highlighted on the urgent financing needs of the Maldives and other Small Island Developing States (SIDS) on Tuesday, at the High-Level Briefing on Private Capital Mobilization, hosted by King Charles III.

The Maldivian leader left for the UK to attend the briefing on Saturday night.

The briefing was organized by the Sustainable Markets Initiative (SMI), an initiative established by King Charles III. It brought together heads of multilateral development banks and leaders in private finance.

The session focused on accelerating global efforts to mobilize private capital for solutions that can advance global sustainability goals.

During the briefing, President Muizzu took part in discussions on advancing debt-for-climate and debt-for-nature initiatives, as well as strengthening private sector cooperation in green finance.

He also highlighted the challenges and urgent financing needs faced by the Maldives and other SIDS, offering recommendations on how to address them.

Among the other distinguished participants in attendance at the high-level briefing were:

• Prime Minister of The Bahamas, Philip Edward Davis, K.C.
• Chief Executive Officer, ALTÉRRA, Majid Al Suwaidi
• President of the World Bank Group, Ajay Banga
• President of the Inter-American Development Bank (IDB), Ilan Goldfajn
• President of the Asian Development Bank (ADB), Masato Kanda
• President of the African Development Bank Group, Dr. Sidi Ould Tah
• President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu
• President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso
• President of the European Investment Bank (EIB), Nadia Calviño
• President and Chair of the Board of Directors of Asian Infrastructure Investment Bank (AIIB), Jin Liqun
• President of the Caribbean Development Bank (CDB), Daniel Best
• Chief Executive Officer of the FinDev Canada, Lori Kerr
• President and Chief Executive Officer of the S&P Global, Martina L. Cheung
• Group Chief Executive Officer of the Standard Chartered, Bill Winters
• Group Chief Executive Officer of the HSBC, Georges Elhedery
• Chief Executive Officer of the Barclays, C. S. Venkatakrishnan
• President of the Bank of America International, Bernard Mensah
• CEO International of the BlackRock, Rachel Lord
• Managing Partner of the Advent International, James Brocklebank
• Global Chairman of the PricewaterhouseCoopers (PwC) International Limited, Mohamed Kande
• Chief Executive Officer of the Masdar, Mohamed Jameel Al Ramahi
• Co-Founder and Chief Executive Officer of the Octopus Energy, Greg Jackson
• Chief Executive Officer of Robertson Group, Elliot Robertson
• Chief Executive Officer of Conduit Re, Neil Eckert

According to the President’s Office, President Muizzu’s visit to the UK provides renewed momentum for the Maldives’ advocacy for equitable and effective sustainable finance to support climate resilience.

The meeting represents an important step in global efforts to bridge public ambition with private investment, added the President’s Office.