ZigaForm version 5.0.5

SUSTAINABLE DEVELOPMENT GOALS

Local Paradise Maldives will contribute to the development of 3 important sustainable development goals, detailed below

1. Decent work and economic development in the Maldivian local islands:

Inclusive and sustained economic growth can drive progress, create decent jobs for all, and improve living standards.

However, the pandemic and COVID-19 have altered billions of lives and put the global economy at risk. The International Monetary Fund (IMF) foresees a global recession as bad or worse than that of 2009. As job losses intensify, the International Labor Organization estimates that about half of all workers worldwide are found at risk of losing their livelihoods.

The COVID-19 pandemic has triggered a historic recession with record levels of deprivation and unemployment, creating an unprecedented humanitarian crisis whose worst consequences are being suffered by the most vulnerable.

In April 2020, the United Nations developed a framework for the immediate socio-economic response to COVID-19 as a roadmap to support countries on their path to social and economic recovery. This framework calls for an extraordinary strengthening of international aid and political commitment to ensure that people around the world have access to essential services and social protection. The socio-economic response framework consists of five lines of work:

1. Ensure that essential health services remain available and protect health systems.

2. Help people cope with adversity through social protection and basic services.

3. Protect jobs and support small and medium-sized enterprises, and workers in the informal sector, through economic response and recovery programs.

4. Guide the necessary increase in fiscal and financial stimuli so that macroeconomic policies work in favor of the most vulnerable and strengthen multi-lateral and regional responses.

5. Promote social cohesion and invest in community-driven resilience and response systems.

These five lines of work are connected by a strong imperative of environmental sustainability and gender equality for a better reconstruction of the economy.

On these 5 pillars, Local Paradise Maldives works constantly to achieve the increase of reservations in Local Islands. This will contribute to the economy of local small and medium-sized enterprises, generating an activation of employment and guaranteeing the minimum services for the Maldivians.

In turn, the promotion of tax incentives that lead to investment in the Maldives will generate an activation of the economic cycle from the moment of investment, project development, construction, hiring of personnel, etc.

2. Responsible consumption and production, focused on contributing to the growth of local companies:

The COVID-19 pandemic offers countries the opportunity to develop recovery plans that reverse current trends and shift our consumption and production patterns towards a more sustainable future.

Sustainable consumption and production is about doing more and better with less. They can also make a substantial contribution to poverty alleviation and the transition to low-carbon and green economies.

The tourism of the maldives islands is known worldwide as a Luxury Tourism. Most of its worldwide advertising is focused on Grand Luxury Resorts and Villas on the water, with almost inaccessible budgets.

However, in recent years, the promotion of Guest Houses in Local Islands has been encouraged. These types of companies have lesser magnitude of advertising and development.

Our goal will be to reverse the current trend emphasized towards Luxury Resorts and promote local islands, raising awareness of responsible consumption in society and contributing to the local Maldivian economy.

This type of local consumption will generate employment and activate the basic needs of the population, given the economic and labor consequences generated by the pandemic.

3. Industry, Innovation and Infrastructure:

Inclusive and sustainable industrialization, together with innovation and infrastructure, can unleash dynamic and competitive economic forces that generate employment and income. These 3 points play a key role when it comes to introducing and promoting new technologies, facilitating international trade and allowing the efficient use of resources.

As a small island developing state, the Maldives faces many specific challenges. The development needs of this type of state, as indicated by the Sustainable Development Goals, will require considerable investment in infrastructure.

The new investments will be framed in new patterns of a resilient infrastructure. Local Paradise Maldives promotes new investment in local islands and better management of resources, to achieve the following objectives:

 

  1. Develop quality, reliable, sustainable and resilient infrastructure, including regional and cross-border infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all.
  2. Increase access of small businesses to financial services including affordable credit, and their integration into value chains and markets.
  3. Improve infrastructure to make them sustainable, with greater efficiency in the use of resources, greater adoption of technologies and use of clean and rational environmental processes.
Logo