Maldives, Türkiye Formalise PTA
The Maldives and Türkiye on Monday formalised a preferential trade agreement (PTA) that will introduce tariff reductions and other advantages...
National Budget 2025: Proposal Will Not Uplift Living Standards, Lacks Crucial Details, Says MDP
The Mohamed Muizzu administration proposed National Budget 2025 does not represent the interests of the people, the opposition Maldivian Democratic...
MIB Asset Value Surpasses MVR 10 Billion
The asset value of the Maldives Islamic Bank (MIB) stood at MVR 10.42 billion last quarter, the 28 percent state-owned...
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...
