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These days when it comes to the Maldives, most of the discussions either revolve around poor housing, increased corruption, and the increasing country's national debt. In the most recent news,...
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Minister of Finance Ibrahim Ameer has on 22 June 2022 signed yet another loan agreement – this time borrowing EUR 18.4 million from the European Investment Bank (EIB), for the...
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On June 16th, a facility agreement for the second phase of the “Gulhifalhu Reclamation Project” was signed between ABN AMRO Bank N.V., AKA European Export Trade Bank and ING Bank...
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Maldives embarked on major democratic reforms on the political front in 2008, with its adoption of a new constitution, and the first multi-party elections, resulting in the first democratically elected...
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The International Monetary Fund concluded its 2021 Article IV consultation with the Maldives in October 2021. It noted the 'prompt and comprehensive' policy response of the government to the economic...
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The Government estimates total debt (including government guaranteed debt) to reach MVR94 billion by the of 2021, which is 122 percent of GDP. This includes MVR46.7 billion in domestic debt,...
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On 17 November, the public finance committee of the Maldivian Parliament passed a resolution extending the open credit line to the government from the Maldives Monetary Authority (MMA). Although the...
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On 2 September 2021, the Government of Maldives issued another USD200 million Sukuk, or Islamic bond, in addition to the USD300 million issued in March (USD200 million) and April (USD100...
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Minister of Finance Ibrahim Ameer inherited a public finance machinery, based on consistent fiscal deficits year-on-year, despite past finance ministers having been technocrats like him. President Solih was sworn-in on...
