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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...
3 min read
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...
4 min read
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...
6 min read
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...
7 min read
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...
7 min read
On 25 April 2021 ,the Maldivian parliament, just one day prior to the maturity of an overdraft of MVR4.4 billion [USD285 million]taken by the Solih administration from the Maldives Monetary...
