President Dr. Mohamed Muizzu has said his vision is to make Maldives a fully developed country by 2040.

He made the remarks in his address at the 79th Session of the United Nations (UN) General Assembly on Tuesday night.

"Becoming a developed nation may seem like a daunting task, and a distant possibility. But I can tell you this. With a goal in sight, and a plan in hand, it is achievable. Because, prevailing and even flourishing against formidable odds, is nothing new for the Maldivians," Muizzu said.

He announced plans to boost productivity through institutional reforms, enhance digital connectivity and improve ICT infrastructure and digital literacy, with aims to make the digital economy contribute up to 15 percent of GDP by 2030.

"In 1965, when we regained our independence, we were among the poorest countries in the world. One-third of our population was illiterate. More than one out of every 10 babies were dying, before their first birthday. We had no industries, barely any exports, and even fewer prospects. And in just five decades, we have reached upper middle-income status. A feat we are incredibly proud of," Muizzu said.

The President further said enhancing digital connectivity is key to achieving inclusive development, mobilising economic activity and fostering a more diversified and resilient economy.

"The result we desire, is inclusive development. Where equality of access to opportunities is guaranteed. Where women and young people are key players in our development – not mere spectators. And where every Maldivian citizen has adequate housing," he added.