Former President Nasheed Urges Climate Financing Instead of IMF Bailout
Former President Mohammed Nasheed, currently serving as the Secretary-General of the Climate Vulnerable Forum (CVF), has highlighted the unique position...
Maldives Capable of Managing Economic, Fiscal Hurdles Without External Assistance: Economic Minister
The Maldives is capable of managing its economy, and fiscal policy, and does not need an intervention from the International...
Germany Takes Over Japan as World’s Third Largest Economy
Japan, once a top contender for the world’s leading economy, is now ranked fourth, trailing behind Germany. Japan struggles with...
State Revenue at MVR 3.6 Billion for January; 12.2% Higher Than Forecasts
The Maldives Inland Revenue Authority (MIRA) collected MVR 3.6 billion in January this year. January 2024 collections were 5.7 percent...
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...
