1 min read
In recent years, the Maldives' economy has grappled with increasing debt and decreased revenues, a situation exacerbated by the COVID-19 pandemic. The nation faced significant financial challenges, raising concerns about...
3 min read
It is no secret that the Maldives has been grappling with a debt situation that has been worsening over the past few years. The worsening situation took centerstage on local...
2 min read
As a new administration has been elected in the Maldives, one of the biggest tasks that the newly elected president Mohamed Muizz and his team would have to take on...
2 min read
The Government of Maldives and the World Bank on 18 June 2023 have signed two agreements totalling USD67.8 million (approximately MVR1 billion) to support critical reforms to state-owned enterprises (SOEs),...
3 min read
Keeping expenditure in check, and long-term oriented fiscal reforms have never been on the agenda of the Solih administration, as evidenced from the most recent 2023 fiscal numbers. With increased...
2 min read
When the 30 year presidency of Gayyoom ended in 2008, the total outstanding government borrowings from the banking sector of Maldives was at MVR 4.2 billion, and with an outstanding...
4 min read
One of the most heavily discussed topics in the Maldives throughout the year 2022 was the country’s debt situation. While it is a well known fact that Solih administration has...
3 min read
There’s no denying that the Maldives recovery story after the reopening of borders following COVID-19 pandemic, has been remarkable. Especially, with strong arrival growth from the second quarter of 2021....
2 min read
As of this year, discussions about the Maldivian economy and its financial state has been a hot topic. With the news of the country's extreme debt breaking earlier in 2022,...
