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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...
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The Maldives debt as a percentage of Gross Domestic Product (GDP) in 2016 was at 67 percent, increasing to 78 percent in 2019. It was at 149 percent by the...
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In June 2018, Mohamed Nasheed, Speaker of Parliament and former President, accused China of having dragged the Maldives into a debt trap. He was also critical of the government's high...
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President Ibrahim Mohamed Solih, in his presidential address on 7 February 2019, stated that his Administration aims to raise the foreign currency reserves to USD1 billion by the end of...
