Maldives’ Economic Crossroads: Fiscal Challenges and Strategic Solutions
The Maldivian economy stands at a crucial juncture, grappling with significant fiscal challenges amidst ambitious developmental aspirations. Amidst rising debt,…
Saudi Arabia Approves Trade Agreement With Maldives
The Kingdom of Saudi Arabia’s cabinet has agreed to enter into a trade agreement with the Maldives, the Maldives’ Ministry…
Maldives National Debt Hits MVR 118.9 Billion
The nation’s total debt currently stands at MVR 118.9 billion, according to statistics released by the Ministry of Finance. This…
Budget Summary: Key Points from 2024 National Budget
Minister of Finance Ibrahim Ameer on Tuesday presented to Parliament the national budget proposed for 2024. The budget, originally submitted…
Mounting SOE Debt Places Significant Strain on State Budget: Finance Ministry
The state has approved approximately MVR 300 million in treasury loans so far this year to meet the cash flow…
Maldives Loses US$1.7 Billion Annually Due to Non Performing Resort Developments
The Maldivian economy is losing an estimated US$1.7 billion (MVR 26 billion) every year due to work not being completed…
Budget 2024 Forecasts 5.3% Rise Amidst Political Transition
The Ministry of Finance has forecast a 5.3% increase in the state budget for 2024, setting it at an estimated…
State Budget Woes: An Analysis of Fiscal Struggles and Remedial Measures
In a concerning report on the fiscal climate, the Ministry of Finance has shed light on the intricate challenges besetting…
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s…
Economic Growth Positive But Reforms Needed to Stay on Track: World Bank
The Maldivian economy continued to expand in the first quarter of 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels, the…
