The Maldives government has unveiled regulations for its new Tourism Trust Fund, designed to promote sustainable tourism development. The fund will draw capital from four main sources: sponsorships, corporate social responsibility contributions, investment income, and training fees.
A seven-member Fund Management Committee, appointed by the Minister of Tourism, will oversee operations. The committee includes representatives from key government offices, including the President’s Office and the Ministry of Finance.
For its first five years, the fund will focus on tourism development projects, facility investments, capacity building programs, and public social benefit activities. Annual reports will be submitted to the President, Parliament, Ministry of Finance, and Auditor General to ensure transparency.
The initiative represents a strategic move to secure long-term sustainability in the Maldives’ tourism sector while maintaining world-class standards and supporting local community development.
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