Govt Raises MVR 3.8 Billion Through T-Bill Sale to Manage Cash Flow
The government has raised MVR 3.8 billion through the sale of Treasury bills (T-bills) to finance state expenses, according to...
Ex-Finance Minister Warns Rasmalé Advance from Reserves Risks National Bankruptcy
Former Finance Minister Ibrahim Ameer has urged the Ministry of Finance and the Maldives Monetary Authority (MMA) not to follow...
Government Plans $600M Loan After Rasmalé Financing U-Turn
The government has reversed its earlier contractor-financing model for the Rasmalé project and is now planning to raise US$600 million...
Muizzu Orders Advance Payment for Rasmalé Reclamation from State Reserves or Indian Swap Facility
President Mohamed Muizzu has directed the Finance Ministry to make an advance payment for the stalled reclamation work at Fushidhiggaru...
Maldives Signs $9 Billion Deal With MBS Global to Set Up International Financial Centre
The Maldives on Sunday signed a joint venture agreement and memorandum of understanding (MoU) with Dubai-based MBS Global Investments to...
Green Tax Revenue Rises
The Maldives’ Green Tax collections have risen to MVR 976 million as of 5 December, according to the Ministry of...
Government Secures MVR 800 Million Loan to Pay Salaries
The government has taken out a loan of MVR 800 million to pay the salaries of public sector employees this...
STO CEO Appointed Fenaka Chair as Utilities SOE Transitions to Subsidiary
The Chief Executive Officer (CEO) and Managing Director (MD) of the State Trading Organization (STO), Shimad Ibrahim, has been appointed...
Government Falls Back on Fiscal Reform Talking Points Amid Moody’s Ratings Downgrade
The Ministry of Finance once again reverted to talking points on fiscal reforms, despite Moody’s downgrading the Maldives’ credit rating...
Maldives Will Not Default on Sukuk: Finance Minister
The Maldives will not default on the US$25 million coupon payment for the Sukuk, Minister of Finance Mohamed Shafeeq has...
