Fayyaz Accuses Government of Deception Over Salary Cuts and Tax Hikes
Maldivian Democratic Party (MDP) chairman and opposition leader, Fayyaz Ismail, has accused the government of misleading the public by cutting...
President Muizzu Announces Salary Cuts for Political Appointees and SOE Staff
President Dr Mohamed Muizzu has announced plans to reduce salaries for political appointees and employees of government-owned companies as part...
IMF Package Not an Option: President Muizzu
President Mohamed Muizzu, in an interview with the BBC, has confirmed that the Maldives will not undertake an International Monetary...
Government Outlines Debt Management Strategy Focused on Minimising Public Impact
Finance Minister Mohamed Shafeeq has told Parliament that the Mohamed Muizzu administration plans to implement its strategy to tackle mounting...
Central Bank Seeks Managing Directors for Key Areas
The Maldives Monetary Authority (MMA) has opened applications for managing director positions across five areas. This move comes as part...
Vice President Latheef Attends Paris 2024 Olympics Opening Amid Economic Woes
Vice President Hussain Mohamed Latheef has travelled to Paris, France, to attend the opening ceremony of the Paris 2024 Olympics....
Maldives Needs Urgent Action to Avoid Severe Economic Woes: World Bank
The Maldives needs to take urgent action to stave off high debt distress risk and other financial challenges which have...
Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
The administration is ready to take the necessary measures to manage the nation’s debt; starting with reforms to state-owned enterprises...
Maldives’ Medium-Term Fiscal Strategy Unrealistic: Auditor General’s Office
The Auditor General’s Office has raised concerns regarding the feasibility of the country’s medium-term Fiscal Strategy (2024-2026). The medium-term fiscal...
IMF Cautions Maldives on Slowdown After Positive Post-Pandemic Growth, Urges Implementation of Proposed Fiscal Reforms
The Maldives’ post pandemic growth has been strong, but recently normalised, with growth in 2024 projected at 5.2 percent even...
