Social protection injects money into island economies, says President

Social protection programmes have had a positive impact on many islands, ensuring access to essential services while injecting money into island economies, President Mohamed Nasheed has said during a tour of Kelaa in North Thiladhunmathi Atoll yesterday.

Money injected into Kelaa’s economy every month in the form of social security payments were instrumental in revitalising and sustaining the island’s economy following the tsunami and the economic downturn in 2009, President Nasheed said.

The President added that 368 Kelaa residents were registered in the government’s Madhana social health insurance programme, while 123 residents received the old age pension of Rf 2000 (US$155).