Maldives to Introduce Digital Currency
The Maldives will introduce a digital currency, President Mohamed Muizzu has announced. He was speaking during the graduation event for...
National Budget 2025: India to Provide Bulk of Grant Aid to Maldives
India is expected to provide MVR 1.6 billion worth grant aid to the Maldives, likely to be utilised for the...
National Budget 2025: Government Proposes MVR 56.6 Billion Budget
The Ministry of Finance has presented, for parliamentary consideration, a proposed National Budget of MVR 56.6 billion for 2025. Presenting...
Finance Ministry’s Delayed Reports Show Increased Recurrent Expenditure for 2024
The Ministry of Finance has released previously held back Weekly Fiscal Development reports since publications were halted on 20 June....
MMA Governor Munawar Calls for Changes in Global Framework to Reflect Debt Realities Faced by Small Island States
Governor of the Maldives Monetary Authority(MMA), Ahmed Munawar, speaking as chair of the International Monetary Fund (IMF) and World Bank...
Government Proposes MVR 5.1 Billion Supplementary Budget
The Ministry of Finance on Thursday submitted a MVR 5.1 billion supplementary budget for parliamentary consideration. The submission looks to...
Maldives Opts to Refinance Exim Bank of China’s VIA Development Loan
The Mohamed Muizzu administration has opted to refinance US$75 million (approximately MVR 1.2 billion) of the US$378 million (approximately MVR...
Government Reportedly Utilised ‘Significant’ Portion of SDF Funds
The Mohamed Muizzu administration has utilised a significant portion of deposits in the Sovereign Development Fund (SDF), local media sources...
Maldives, India Sign US$400 Million Currency Swap Agreement
The Maldives and India entered into a US$400 million currency swap agreement on Monday as both countries seek to revive...
MATI Slams MMA for Ignoring Concerns in New Foreign Exchange Regulations
The Maldives Association of Tourism Industry (MATI) has criticised the Maldives Monetary Authority (MMA) for implementing amendments to the Foreign...
