Domestic Debt Increased More Than MVR 11 Billion Over Past Year
The Mohamed Muizzu administration has borrowed more than MVR 11 billion from the domestic market to cover its expenditure over...
Moody’s Confirms Maldives’ Caa2 Negative Outlook Rating
Moody’s Ratings (Moody’s), on Tuesday, confirmed the Maldives’ long-term local and foreign currency issuer ratings at Caa2 with a negative...
Maldives No Longer at Risk of Sovereign Default: Finance Minister
The Mohamed Muizzu administration’s efforts over the past year to reduce expenditure and extend repayment periods on foreign loans have...
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...
Maldives Drops Centerview as Advisor
The Mohamed Muizzu administration, in yet another reversal, has cancelled its contract with US independent investment banking firm Centerview Partners,...
Maldives Appoints Centerview as Debt Adviser Amid Financial Worries
The government of Maldives has appointed Centerview Partners, a US-based firm, to assist the nation through its current financial crisis,...
President Muizzu Urges Debt Relief Tied to Climate Finance for SIDS
President Dr Mohamed Muizzu has called on the international community to strengthen the connection between debt relief and climate finance...
Maldives Secures $15 Million AIIB Loan for Green Taxation and Climate Projects
The Asian Infrastructure Investment Bank (AIIB) has approved a $15 million loan to the Maldives to strengthen green taxation and...
Investor Panic Grows Over Potential Maldives Sukuk Default
Investors are increasingly offloading Islamic bonds from the Maldives amid rising fears that the nation could default on its debt,...
Parliament to Consider Fiscal Responsibility Bill and State Debt Bill
The Bill on Fiscal Responsibility and the Bill on State Debt were accepted for legislative consideration by the Parliament on...
