Government Slashes Over MVR 2 Billion from 2024 Budget Amid Funding Shortfall
The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget as part of…
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…
India Rolls Over $50 Million Treasury Bill for Maldives Amid Geopolitical Tensions
At the request of the Government of Maldives, the State Bank of India (SBI) has rolled over a $50 million…
Maldives Faces Deadline on $50 Million Payment to India Amid Ongoing Negotiations
The Maldives government must pay $50 million to India by the end of the day, marking the third instalment of…
Moody’s Downgrades Maldives’ Rating to CAA-2, Signals Deepening Crisis
Moody’s downgraded the Maldives’ credit rating to CAA-2 on Wednesday, citing high credit risk and growing concerns over the country’s…
Ambassador Najeeb Meets with CNPC Vice President
The Maldives’ Ambassador in China, Fazeel Najeeb, has met with the Vice President of China National Petroleum Corporation (CNPC). The…
Maldivian Holidays Out as State’s Travel Agent: Finance Circular
The Ministry of Finance has annulled a circular directing state agencies to purchase all air travel through Maldivian Holidays. Maldivian…
Ex-President Solih Criticises Muizzu Administration’s Economic Policies, Fiscal Priorities
Former President Ibrahim Mohamed Solih delivered pointed criticism of the Mohamed Muizzu administration’s economic and fiscal strategies, asserting they have…
Bundled Constitutional Amendments Part of Legislative Agenda: AG Usham
Attorney General (AG) Ahmed Usham said on Thursday that the administration aims to, after public consultations, submit a comprehensive bill…
Government Seeks MVR 2 Billion Through Treasury Bill Issue
The Ministry of Finance has issued Treasury Bills (T-bills) amounting to MVR 2 billion to cover government expenditure. The T-bills…