Small island nations can achieve prosperity by empowering the private sector

Photo: President’s Office. Retrieved from edition.mv

President Dr Mohamed Muizzu has declared that resilient prosperity for Small Island Nations (SIDS) can only be achieved by empowering the private sector and handing them the helm.

Speaking at the High-level Closing Ceremony of the SIDS (Small Island Developing States) Global Business Network (GBN) Forum 2024, held at Antigua and Barbuda today, President stated that the key economic role of private sectors in facilitating innovation, technology, community empowerment and market trade is particularly essential for Small Island Nations (SIDS).

He had asserted the need to prioritize inclusivity within local communities, making three key points for this aim.

The first point he had presented had highlighted the necessity of facilitating and promoting investments for young entrepreneurs as well as micro, small, and medium enterprises (MSMEs).