1 min read
Minister of Finance Ibrahim Ameer has on 22 June 2022 signed yet another loan agreement – this time borrowing EUR 18.4 million from the European Investment Bank (EIB), for the...
1 min read
Established in 1949, the State Electric Company Limited (STELCO) is a wholly owned state enterprise. Before settling on its current name, "state electric company" in 1997, the company had previously...
2 min read
On June 19th, the Maldives' Ministry of Finance issued a circular outlining spending cuts due to uncertainties relating to price hikes in the global economy. Aside from price increases directly...
1 min read
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...
2 min read
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...
3 min read
The Maldives Police Service, in numbers
2 min read
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...
5 min read
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...
3 min read
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...
