MMA Governor Munawar Calls for Changes in Global Framework to Reflect Debt Realities Faced by Small Island States
Governor of the Maldives Monetary Authority(MMA), Ahmed Munawar, speaking as chair of the International Monetary Fund (IMF) and World Bank...
Word Bank Concerned as Government Fails to Update Weekly Fiscal Developments
The World Bank has expressed concern over the Ministry of Finance’s failure to publish the state’s Weekly Fiscal Development reports....
New Deputy Health Minister Appointment Amid Economic Strain Sparks Controversy
The Mohamed Muizzu administration’s decision to appoint an additional Deputy Minister to the Health Ministry amid economic challenges has sparked...
Environment Ministry Seeks Investor for 10 MW Floating Solar Project in Addu City
The Environment Ministry has launched a search for an investor to finance the development of a 10-megawatt floating solar panel...
Fitch Downgrades Maldives’ Rating From B- to CCC+ Citing Worsening External Financing
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. An IDR is an...
Government Reportedly Scaling Back on Political Appointments
The government, in a significant shift towards fiscal responsibility, has initiated efforts to reduce the number of political appointees across...
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...
Initiating Fiscal Reforms Essential to Maldives’ Sustained Economic Growth: World Bank
The World Bank has called for the urgent implementation of the Maldive’s planned financial reforms, saying such action is essential...
MATATO Rejects World Bank View, Attributes Tourism Slump to Gap in Marketing of Increasing Beds
The Maldives Association of Travel Agents and Tour Operators (MATATO) has said that the country is not undertaking enough marketing...
