4 min read
While Sri Lanka has elected a new president in hopes of resolving its debt crisis that was followed by an economic crash, its neighbouring country Maldives appears to be stuck...
3 min read
On August 29, 2024, Fitch Ratings downgraded the Maldives' Long-Term Foreign Currency Issuer Default Rating (IDR) from "CCC+" to "CC," reflecting heightened concerns over the country's external and fiscal sectors....
2 min read
The Maldives, renowned for its picturesque islands and booming tourism industry, is now grappling with a rising tide of economic uncertainty. As the country's debt levels continue to climb, citizens...
2 min read
The Maldives is currently struggling with a significant debt crisis, an issue that has been brewing for years. A critical factor contributing to this financial turmoil is the consistent neglect...
3 min read
Talking about the MVR 100 billion debt has become a topic of the past for the Maldives as the country faces the stark realities of reaching the deadlines for paying...
2 min read
The ageing population of the Maldives has been in the spotlight over the past couple of years. Previously overlooked, the declining birth rate and the shrinking working-age demographic are now...
2 min read
As the Maldives grapples with its escalating debt situation, the financial management and performance of state-owned enterprises (SOEs) have come under intense scrutiny. In 2024, evaluating the loss and profitability...
2 min read
ADK Hospital has raised significant concerns over delayed payments from Aasandha and the National Social Protection Agency (NSPA), with the unpaid amounts exceeding MVR 100 million for several days. The...
1 min read
Over the past few years, the Maldives has been working towards debt reduction measures amid rising internal and external debt, raising concerns of an economic collapse similar to Sri Lanka's....
