Debt

The Ameer Doctrine

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...

Stop the bleeding

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...

Drowning in debt

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...