MMA Forecasts 2024 Growth at 4.9%
The Maldives’ economy is projected to grow 4.9 percent this year, following a 4 percent growth in GDP in 2023,...
Central Bank Projects National Reserves to Rise to US$605.7 Million by End of 2024
The Maldives Monetary Authority (MMA), in its latest Quarterly Economic Bulletin, has projected an optimistic outlook for the nation’s economy,...
Growth in Key Sectors Up as Fisheries Sector Declines in Q1 2024
The Maldives’ key industries, with the exception of the fisheries sector, grew in the first quarter (Q1) of 2024, the...
Inflation for Q1 2024 Down Over Q1 2023
The price of goods and services fell sharply in the first quarter (Q1) of 2024 compared to the same period...
Maldives’ Fish Exports Down Over 45%
The Maldives’ fish exports fell 45.7 percent over the first four months of 2024 compared to the same period in...
Maldives to Operationalise Development Bank in July
The Development Bank of Maldives (DBM) will come into operation in July, Minister of Economic Development and Trade Mohamed Saeed...
IMF Welcomes Maldives’ Key Initial Steps, Advises Swift Implementation of Fiscal Reforms
The International Monetary Fund (IMF) lauded the decision by the Maldives to raise goods and services taxes (GST), saying the...
Maldives’ Fish Exports Decline 48% in Q1
The Maldives’ fish exports fell 48 percent in the first quarter (Q1) this year compared to the same period last...
Official Reserves, Inflation Decline in March
The Maldives’ Official Reserves stood at US$541.8 million at the end of March 2024, according to data released by the...
Former Vice President Calls for Impeachment of President Muizzu Amid Corruption Allegations
Former Vice President Dr Mohamed Jameel Ahmed has urged the impeachment of President Dr Mohamed Muizzu following the leak of...
