Resort Earnings Down by US$529 Million: MATI
Resort earnings fell by US$529 million (MVR 8 billion) last year compared to the previous year, according to data released...
World Bank Downgrades Growth Forecast for Maldives
The World Bank has downgraded its 2024 growth forecast for the Maldives as tourists increasingly opt for guesthouse stays over...
Sinamalé Highway Aspire Solar Panels Generate 4.8 MW Daily: Environment Ministry
The solar panels installed along the Sinamalé Highway, under the Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE) Project, generate...
World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
Maldives Industrial Fisheries Company (MIFCO), the wholly state-owned enterprise (SOE) set up to support the local fisheries industry by purchasing,...
Maldives’ Human Capital Index Stunted Due to Education Gaps: World Bank Report
The World Bank’s maiden Human Capital Review (HCR) for the Maldives found that a child born in the country today...
World Bank Ready to Provide Assistance to Maldives: World Bank Regional VP
The World Bank is ready to provide technical assistance and cooperation to Maldives, the international financial institution has confirmed. The...
Maldives’ Economic Crossroads: Fiscal Challenges and Strategic Solutions
The Maldivian economy stands at a crucial juncture, grappling with significant fiscal challenges amidst ambitious developmental aspirations. Amidst rising debt,...
World Bank Urges Maldives to Implement Immediate Fiscal Reforms
The Maldives faces significant economic risks from rising spending, high debt, and external shocks, despite a projected 6.5 percent growth...
Economic Growth Positive But Reforms Needed to Stay on Track: World Bank
The Maldivian economy continued to expand in the first quarter of 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels, the...
