State Revenue Exceeded Expenditure in January: Finance Ministry
Revenue exceeded expenditure by MVR 585 million in the first month of the year, according to data released by the...
Maldives’ Human Capital Index Stunted Due to Education Gaps: World Bank Report
The World Bank’s maiden Human Capital Review (HCR) for the Maldives found that a child born in the country today...
IMF Cautions Maldives on Slowdown After Positive Post-Pandemic Growth, Urges Implementation of Proposed Fiscal Reforms
The Maldives’ post pandemic growth has been strong, but recently normalised, with growth in 2024 projected at 5.2 percent even...
Maldives National Debt Balloons to MVR 124 Billion as Year-On-Year Debt Sees Steep Increase
The Maldives is facing mounting fiscal pressures as its national debt soared to MVR 124 billion by the end of...
Maldives’ Economy Set To Grow by 5%, on Par With Other Developing Countries: IMF Report
The Maldives’ economy will grow by five percent this year, the International Monetary Fund (IMF) has forecast in its Global...
Lower-Than-Expected Inflation in 2023; Projections for 2024 Highest Since 2013
Data released by the Maldives Bureau of Statistics has revealed that while inflation was initially expected to be at 5.4...
Tourism Job Market Expanded in Q4 of 2023: MMA Report
The tourism industry saw an increase in jobs in the last quarter of 2023, the Monetary Authority of Maldives (MMA)...
State Earns MVR 332 Million Revenue from Imports and Exports in December 2023
The state earned MVR 332 million from imports and exports over the last month, according to Maldives Customs Service data....
Government to Establish SOE to Foster Economic Diversification
The government has decided to establish a fully state-owned entity, the Maldives Industrial Development Free Zone, with a focus on...
State Reserves Rise in November Over October, Lower Compared With Same Period in 2022
The Maldives’ official reserves saw an increase in November this year compared to October, according to data released by the...
