Tenders Are Invited For Lead Consultant To Formulate Maldives Industrial Policy

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20844343
United Nations UN
Tenders Are Invited For Lead Consultant To Formulate Maldives Industrial Policy
ICB
Southern Asia
South Asian Association for Regional Cooperation (SAARC)
26-06-2019

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Tenders Are Invited For Lead Consultant To Formulate Maldives Industrial Policy BackgroundIn 2012 Maldives Earned A Milestone In Its Development By Graduation From UnS Least Developed Countries Recognizing As A Small Island Developing Nation Despite The 2004 Indian Ocean Tsunami And The 2008 2009 Global Financial Crisis Which Severely Affected The Tourism And The Wider Economic Activity Maldives Has Continues To Expand Its Per Capita Gdp However The Gdp Expansion Is Becoming Less Inclusive With Urban Poverty And Economic Inequalities Rising The CountryS High Human Development Index Of 0 717 In 2017 Turns To Low Human Development Of 0 549 When Adjusted To Inequalities Youth Unemployment Keeps Rising With Women Bearing The Brunt Of Unemployment Given Their Low Labor Market Participation Of 42 9 Compared To 82 1 For Their Male Counterparts To Reverse This Worrying Situations A Fiscal Discipline To Reign In The Macroeconomic Imbalances Should Be Instituted By The Government Moreover Economic Diversification Is Needed To Reverse Declining Trends In Fishery And Food Export Sectors By Improving The Related Infrastructure Of Sea Transport And Energy To Not Only Expand The Production And Processing Capacity Of Fish And Food But Also To Diversify These Sectors It Is Important That The Government Scale Up Its Efforts To Make Growth More Inclusive Through High Tertiary And Vocational Training Increased Female And Youth Labor Market Participation And Improve The Quality Social Services Such As In Health And Waste Management Hence Selective Interventions Through Government Policies Are Essential To Alter The Current Structure And Offer Better Prospects For Economic Growth Leading To Economic Diversification Since The Country Is Dependent On Tourism Services And Fisheries As The Two Main Drivers Of Growth The Need To Diversify The Economy On A Sustainable Footing Is Imperative As There Is A Very Young Cohort Of Population Coming Into The Job Market Who Require And Demand Jobs Of Interest To Them Industrialization In MaldivesMaldives Has Not Had An Industrial Policy Up Until Now The Country Has Over The Years Implemented Several National Development Plans Of Seven Year Duration In 2013 A Diversification Strategy Was Developed But Little Progress On Direct Implementation Of The Key Aspects In The Strategy Were Carried Out So Far In The Early 2000S A Diagnostic Trade Integration Strategy Was Also Formulated To Improve The Trade Related Service Delivery In The Country The National Economic Development Policy Agenda Is Based On The Diversification Of The Economy To Achieving Sustainable Growth And Reduced Vulnerability From External Shocks The Strategic Economic Development Policies Are Supportive Of Tourism Fisheries And Agriculture Development The Agriculture Sector Has Developed Several Policy Documents Such As An Agriculture Development Master Plan Admp With The Assistance Of Fao A Commercialization Plan Assisted By Adb And A National Forestry Policy Assistance By Fao At The Same Time Fisheries Sector Development Is Geared Towards Promoting Export And Trade Building Infrastructure And Strengthening Research And Development A Strategic Analysis Regarding The Prospects Of The Fisheries Sector In Maldives Was Formulated Based On A Series Of Outlook Studies Prepared With The Assistance From The World Bank And Fao Furthermore To Diversify The Tourism Sector The Fourth Tourism Master Plan 4Tmp Was Introduced From 2013 To 2017 Focusing On Innovations For The Tourism Industry To Respond To Challenges Brought By Diversity And Competition It Undertakes To Resolve Human Resource Constraints Heavy Reliance On Foreign Labour And Re Brand Maldives As An Emerging Asian Destination With The Advent Of Multiparty Democracy In The Country From 2008 Onwards It Is The Manifesto Promises Of The Ruling Party That Takes Prominent In Economic Development Matters And These Promises Are The Main Developmental Policies Being Implemented So Key Operational Strategies Need To Be Put In Place To Implement Key Manifesto Pledges Of The Government In The Absence Of Written Development Goals Well Planned Systematic Policies To Achieve Broader Strategic Development And Economic Transformation Of The Country Is Required In Order To Achieve The Envisioned Direction For The Country And Ensure That It Remains On The Right And Sustainable Trajectory RationaleEven Though Maldives Has Graduated Into A Middle Income Developing Country There Is Little Diversification Of The Economic Base And The Country Is Reliant On Tourism Sector And Its Related Activities Such As Transport And Communications And On The Fisheries Sector As Its Main Export Products In Order To Address Key Issues Facing The Country Namely Economic Vulnerability Income Inequality High Unemployment Rates Among Youth And Women Achieving Sustainable Development Goals Sdgs Addressing The Increasing Trade Deficit Diversifying The Export Base Increasing Foreign Direct Investments Addressing Burgeoning Public Debt The Government Needs To Come Up With The Policies For The Economy To Be Put On A More Sustainable Growth Footing That Is More Resilient And Addresses Internal And External Shocks As A Forward Looking Nation On The Cusp Of Moving Into The Upper Income Developing Country Category The Country Needs Very Clear Holistic Vision And A Collaborative Multi Sectoral Strategy To Aid Economic Transformation Improve And Diversify The Narrow Export Base Improve And Diversify The Narrow Export Base Improve The Production Capacity And As A Strategic Platform To Attract Investment From Abroad Considering The Above Challenges Through Undp Maldives The Government Wishes To Seek Technical Assistance To Avail The Services Of Policy Experts To Assist In The Formulation Of A Long Term Industrial Strategy To Alter The Production Structure And Diversify The Economy Into A Future Where The Strategic Economic Directions Will Address The Issue Of Resilience In The Economy By Building On The Existing Strengths While Embracing New Opportunities Develop New Export Sectors Build New Capabilities To Address The Inherent Challenges Arising Out Of A Rapidly Globalizing Economy Where Technology Is Starting To Hold A Dominant Role Duties And ResponsibilitiesThe Scoping Study Must Take Into Consideration The Work That Is Being Carried Out By The Ministry Of Planning With Regard To The Five Year Development Plan With Assistance From Adb The Industrial Policy Of The Country Should Add Complement And Be Not In Conflict With The National Development Plans And Development Strategies Being Prepared By Sector Ministries Taking Into Consideration How Development Planning Functions Are Carried Out And Executed Nationally The Government Is Needed To Formulate An Ambitious But Practical And Realistically Achievable Industrial Policy To Carry Out The Next Phase Of Economic Diversification And Transformation Targets For The Country The Formulation Of The National Level Industrial Policy Shall Be Based On An Initial Scoping Study Undertaken In Consultation With Public And Private Sector Stakeholders The Objective Of The Scoping Study Would Be To Understand How Maldives Should Approach The Development And Formulation Of An Industrial Policy To Address The Development Challenges Of The Country Particularly Alteration Of The Productive Structure In The Economy And Understand The Parameters And Areas That Should Be Included Or Covered In The National Industrial Policy A Gendered Lens Should Be Employed Throughout The Study And Policy Formulation To Ensure Systemic And Social Inequalities Are Taken Into Account Through Such An Industrial Policy Strategic Direction Is Required For The Government Taking Into Consideration The New Government Manifesto On Macro As Well As Micro Level Management Of The Economy Employment And In Areas Of Investment In Carrying Out The Scoping Study Related Policies That Are Complimentary To Make An Industrial Policy Relevant To The Needs Of The Country And Can Be Successfully Implemented Shall Be Identified By In The Scoping Study As Part Of The Scoping Study Necessary Research And Assessment Needs To Be Carried Out To Ascertain Whether The Following Complimentary Studies Policies Are Required 1 A Trade Policy That Will Complement Industrial Policy2 An Investment Policy To Compliment An Industrial Policy3 A Competition Policy To Address Issues Related To An Industrial Policy4 Education Policy That Will Complement And Contribute To The Success Of An Industrial Policy5 Labour Policy To Address Employment And Migration Management Issues6 Tax Policy To Address Issues That May Arise Or Hinder The Implementation Pf An Industrial Policy7 Ensure That The National Development Plan Being Created By The Ministry Of National Planning And Infrastructure With The Assistance Of Adb Is Not In Conflict With The Industrial Policy And Will Be Contributory To The Plan The Lead Consultant Will Be Completing The Study On His Her Own And Will Manage A A Team Comprising Of Local Consultants Focused In The Areas Of Education And Labour And Tax Policy Expected Outputs And DeliverablesInitial Scoping Study Inception Report For The Scoping Study Based On Desk Review And Stakeholder Consultations 10 Days Draft Report Within 5 Days Of Completion Of Inception Report Compilation Of Comments By Stakeholder Validation Workshops Upon Completion Of The Draft 2 Days Finalised Scoping Report With Comments Incorporated Within 3 Days Formulation Of The Maldives Industrial Policy Inception Report Based On Desk Review And Stakeholder Consultations In 5 Atolls Of Maldives 40 Days Draft R

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