Public Sector

The cost of democracy

6 min read
Since 2004, the Maldives started her journey to move towards a modern democracy and this was cemented with the enactment of the new constitution in 2008 by President Maumoon Abdul...

Maldives' Sukuk reaches USD500 million

4 min read
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...

The political real estate shuffle

5 min read
It is a foregone conclusion that Maldivian democracy is not only a fledgling in terms of how young it is, but the administration of Maldives in action is also a...

COVID-19 funding and expenditure

5 min read
On 9 August 2021, Minister of Finance Ibrahim Ameer announced the decision to avail a further USD30 million from the International Monetary Fund (IMF), in addition to the USD28.9 million...

The Moody's downgrade

5 min read
Since 1909, Moody’s has been a key component in the surveillance of the capital market, with humble beginnings in the American Stock Exchange. The entirety of their work is to...

The India-Maldives dynamic

5 min read
India and Maldives have been for generations nigh inseparable. Yet today, the people of the Maldives seem to be of the opinion that this relationship is entirely one sided. As...

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...