MVR 921 million in Green Fund by end of March 2021

Kaani Village and Spa located in Maafushi island | Photo: Kaani Village and Spa

Malé, Maldives – The Finance Ministry of Maldives has revealed that by the end of March 2021, the balance of the Green Fund was at MVR 921.84 million.

The latest statistics of the Green Fund released by the Finance Ministry shows that during March, MVR 93.4 million was received as green tax. While MVR 92.2 million of the green tax were from guesthouses, city hotels and resorts, the remaining MVR 1.1 million was from safari vessels.

The biggest contribution to Green Tax in March 2021 was from K. Atoll with MVR 32 million from resorts, hotels and guesthouses in the region. Following K. Atoll are resorts, hotels and guesthouses from Adh. Atoll, contributing upto MVR 18.6 million in March. The third highest contribution to green tax was from B. Atoll with MVR 9.9 million.

The statistics also show that during March, MVR 31.1 million was taken from the green fund to spend on projects related to protecting and preserving the environment. These include financing water and sanitation projects, waste management projects and power generation projects.

From 2015 onwards, the government began collecting six dollars per night as green tax from the guests who arrive in Maldivian resorts, while the government began collecting three dollars per night as green tax from or the tourists who stay at guesthouses in the islands, from 2016 onwards.