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,...
2 min read
Even though the Maldives' tourism industry is expanding year after year, not all of the country's residents are able to take advantage of the opportunities being presented. Of course, this...
2 min read
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,...
1 min read
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...
1 min read
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...
2 min read
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...
