Taxation on goods was imposed for the first time in the country, and import duties were reduced in many goods and services. Social welfare benefits were given to those above 65 years of age, single parents, and those with special needs. On 10 November 2008, Nasheed announced an intent to create a sovereign wealth fund with money earned from tourism that could be used to purchase land elsewhere for the Maldives people to relocate should rising sea levels due to climate change inundate the country. The government reportedly considered locations in Sri Lanka and India due to cultural and climate similarities, and as far away as Australia.