Economy on Steady Upward Trajectory; Reserves to Exceed US$606 Million by Year-End: MMA
The Maldives is taking urgent steps to address the current economic challenges and will be able to maintain an upwards…
Maldives’ Usable Dollar Reserves Depleted for First Time, Sources Say
The Maldives’ usable dollar reserves have reportedly run out for the first time in the nation’s history, according to local…
Maldives Records Sharpest Decline in Reserves Over Past 12 Months
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the…
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…
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…
