3 min read
On 29 November 2021 the Maldives’ retail economy was virtually brought to a standstill. The Bank of Maldives, while doing some routine upgrades — that the company had failed to...
2 min read
The government, in its proposed budget for 2022, estimated expenditure on wages, salaries and other allowances for state employees at MVR9.7 billion, a 13 percent increase over the MVR8.2 billion...
4 min read
The Government Budget includes details of expenditures to be incurred during the year on public goods, infrastructure projects, social protection services, and other spending on economic development projects. The annual...
2 min read
The Government estimates total debt (including government guaranteed debt) to reach MVR94 billion by the of 2021, which is 122 percent of GDP. This includes MVR46.7 billion in domestic debt,...
3 min read
On 17 November, the public finance committee of the Maldivian Parliament passed a resolution extending the open credit line to the government from the Maldives Monetary Authority (MMA). Although the...
2 min read
The Maldivian government spent MVR339.2 million in 2015, and MVR291.9 million in 2016 on subsidies for rice, flour and sugar. The government controls prices at MVR5.50 per kilogram for rice...
5 min read
Monday, 8 November 2021, was a landmark day for the Maldives. Published in the 50th Volume, Issue 289 of the Maldivian Gazette, a minimum wage was mandated for the first...
8 min read
With the new budget announced earlier this week, MFR welcomed the opportunity to sit down the with the chief architect of the new, ambitious budget plan, Minister of Finance, Ibrahim...
5 min read
Democracy has been quite an elusive dream, introduced, as reinforced upon us in recent times, to the Maldivian people in the 2000s by Mohamed Nasheed. Charismatic, driven, and supposedly not...
