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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...
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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 Maldives Police Service, in numbers
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The Maldives was the first country to fully open their borders to the world amidst the pandemic. While the move was frowned upon by some, it has been done so...
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The Maldivian government first implemented a floating exchange rate in 1987. The exchange rate had been MVR8.50 at the time of initial change, but almost immediately spiked to MVR12 reflecting...
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Beyond the Line of Credit from India for the Maldives of USD1.4 billion, India has also pledged over USD10 million in grants. These grants have been allocated in the form...
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According to statistics issued by the Ministry of Finance, the Ministry of National Planning, Housing and Infrastructure received the highest funding for the year.
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The month of Ramadan is a time of intense spiritual devotion in Islamic cultures, and doubles as a catalyst for societal connection for Muslim communities all over the world. It...
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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...
