Public Sector

Right to Information

5 min read
Article 19 of the Universal Declaration of Human Rights states; "Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and...

Audits please

3 min read
All state organisations, just like private companies, are required to prepare annual financial statements, and get them audited by an external auditor. The external auditors are required to examine, inspect...

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...