The agreement giving the Maldives full political independence was signed on behalf of His Majesty the Sultan by Ibrahim Nasir Rannabandeyri Kilegefan, Prime Minister and on behalf of Her Majesty the Queen by Sir Michael Walker British Ambassador designate to the Maldive Islands. The Ceremony took place at the British High Commissioner's Residence in Colombo on 26 July 1965. After independence from Britain in 1965, the sultanate continued to operate for another three years under King Muhammad Fareed Didi. On 11 November 1968, the monarchy was abolished and replaced by a republic under the presidency of Ibrahim Nasir, although this was a cosmetic change without any significant alteration in the structures of government. The official name of the country was changed from Maldive Islands to the Maldives. Tourism began to be developed on the archipelago by the beginning of the 1970s.
However, political infighting during the '70s between President Nasir's faction and other popular political figures led to the 1975 arrest and exile of elected prime minister Ahmed Zaki to a remote atoll. Economic decline followed the closure of the British airfield at Gan and the collapse of the market for dried fish, an important export. With support for his administration faltering, Nasir fled to Singapore in 1978, allegedly with millions of dollars from the treasury.
Maldives was untouched by any direct attacks Doomsday, but the residual effects became too much for the already unstable young nation.
More To Come....
On 26 December 2004, following the 2004 Indian Ocean earthquake, the Maldives were devastated by a tsunami. Only nine islands were reported to have escaped any flooding, while fifty-seven islands faced serious damage to critical infrastructure, fourteen islands had to be totally evacuated, and six islands were decimated. A further twenty-one resort islands were forced to shut down due to serious damage.
The Maldivian ethnic identity is a blend of the cultures reflecting the peoples who settled on the islands, reinforced by religion and language. The earliest settlers were probably from southern India and Sri Lanka. They are linguistically and ethnically related to the Indo-Aryan people in the Indian subcontinent They are ethnically known as Mahls (locally as Dhivehis).
Some social stratification exists on the islands. It is not rigid, since rank is based on varied factors, including occupation, wealth, Islamic virtue, and family ties. Traditionally, instead of a complex caste system, there was merely a distinction between noble (bēfulhu) and common people in the Maldives. Members of the social elite are concentrated in Malé. Outside of the service industry, this is the only location where the foreign and domestic populations are likely to interact. The tourist resorts are not on islands where the natives live, and casual contacts between the two groups are discouraged.
A census has been recorded since 1905, which shows that the population of the country remained around 100,000 for the next sixty years. Following independence in 1965, the health status of the population improved so much that the population doubled to 200,000 by 1978, and the population growth rate peaked at 3.2% in 1982. By 2007, the population had reached 300,000, although the census in 2000 showed that the population growth rate had declined to 1.9%. Life expectancy at birth stood at 46 years in 1978, while it has now risen to 72 years. Infant mortality has declined from 127 per thousand in 1977 to 12 today, and adult literacy stands at 99%. Combined school enrollment stands in the high 90s.
As of April 2008, more than 50,000 foreign employees live in the country and another 33,000 illegal immigrants sums up more than one third of Maldivian population. They consist mainly of people from the neighbouring South Asian countries of India, Sri Lanka, Bangladesh and Nepal.
In ancient times the Maldives were renowned for cowry shells, coir rope, dried tuna fish (Maldive Fish), ambergris (Maavaharu) and coco de mer (Tavakkaashi). Local and foreign trading ships used to load these products in Sri Lanka and transport them to other harbors in the Indian Ocean. From the 2nd century AD the islands were known as the 'Money Isles' by the Arabs who dominated the Indian Ocean trade routes — The Maldives provided enormous quantities of cowry shells, an international currency of the early ages. The cowry is now the symbol of the Maldives Monetary Authority.
For many centuries the Maldivian economy was entirely dependent on fishing and other marine products. Fishing remains the main occupation of the people and the government gives special priority to the development of the fisheries sector.
The mechanization of the traditional fishing boat called dhoni in 1974 was a major milestone in the development of the fisheries industry and the country's economy in general. A fish canning plant was installed in the island of Felivaru in 1977, as a joint venture with a Japanese firm. In 1979, a Fisheries Advisory Board was set up with the mandate of advising the government on policy guidelines for the overall development of the fisheries sector. Manpower development programs were begun in the early 1980s, and fisheries education was incorporated into the school curriculum. Fish aggregating devices and navigational aids were located at various strategic points. Moreover, the opening up of the Exclusive Economic Zone (EEZ) of the Maldives for fisheries has further enhanced the growth of the fisheries sector. Today, fisheries contribute over fifteen percent of the country's GDP and engage about thirty percent of the country's work force. It is also the second-largest foreign exchange earner after tourism.
Agriculture and manufacturing continue to play a lesser role in the economy, constrained by the limited availability of cultivable land and the shortage of domestic labor. Most staple foods must be imported. Industry, which consists mainly of garment production, boat building, and handicrafts, accounts for about 7% of GDP. The development of the tourism sector gave a major boost to the country's fledgling traditional cottage industries such as mat weaving, lacquer work, handicraft, and coir rope making. New industries that have since emerged include printing, production of PVC pipes, brick making, marine engine repairs, bottling of aerated water, and garment production.
The Maldives is a member of the League of Nations. The Maldives also has trade treaties with the ANZC and New Britain.