Male’, Maldives – The Bank of Maldives (BML) has launched a pioneering financing facility, dubbed “Green Resort Financing,” designed to support resort investments in sustainable practices. The announcement was made today during the Maldives Association of Tourism Industry (MATI) Annual General Meeting, where key industry leaders gathered to discuss the future of tourism in the archipelago.
During the launch event, BML’s CEO and Managing Director, Mohamed Shareef, joined forces with Hussain Afeef, Chairman of Crown and Champa Resorts, to introduce the new facility. “Green Resort Financing is an important step in encouraging eco-friendly investments in our tourism sector,” Shareef said. “Our goal is to empower resorts to adopt sustainable practices that will not only enhance guest experiences but also protect our natural environment.”
The initiative is aimed at bridging the gap between financial support and environmental responsibility. By offering favorable financing terms to resorts committed to sustainable development, BML hopes to set a new standard in the industry and drive long-term economic growth while preserving the Maldives’ pristine landscapes.
Hussain Afeef, who played a significant role in the launch, emphasized the importance of integrating sustainable practices into resort development. “As tourism remains a vital pillar of our economy, it is crucial that we invest in projects that balance profitability with environmental stewardship,” Afeef remarked.
The “Green Resort Financing” facility is expected to play a key role in attracting new investments and accelerating the transition to eco-friendly resort operations. With a growing global focus on sustainability, the initiative aligns with the Maldives’ broader strategy to remain a leading destination for responsible tourism.
As industry stakeholders and investors applaud the new financing model, the event at MATI’s AGM highlighted a shared vision for a more sustainable future in tourism. The Bank of Maldives’ latest offering underscores its commitment to fostering innovation and environmental protection in one of the world’s most renowned holiday destinations.
