Maldivian economy

Maldives high public spending has not translated into faster economic growth: World Bank

August 9, 2022, 15:54

Washington, US - World Bank has stated that higher public spending of the Maldivian government in the recent years has not translated into faster economic growth of the country. “Maldives… Continued

Fiscal vulnerabilities in Maldives remain high: IMF

July 27, 2022, 15:46

Malé, Maldives - The latest International Monetary Fund (IMF) report on the Maldives state that the fiscal and external vulnerabilities continue to increase for the island nation. IMF released this… Continued

President announces restrictions on fuel subsidies

July 26, 2022, 18:13

Malé, Maldives - President Ibrahim Mohamed Solih on Tuesday announced restrictions to fuel subsidies provided by the government. President Solih stated that the government is in the process of amending… Continued

Government sells t-bills worth MVR 1.2 billion to offset state expenditure

July 26, 2022, 13:50

Malé, Maldives - The Government of Maldives on Thursday announced the sale of treasury bills valued at MVR 1.21 billion to be settled by 1 August 2022. The Government invited… Continued

Government cancels Independence Day parade amid cost-cutting measures

July 24, 2022, 15:00

Malé, Maldives - The Government of Maldives on Sunday cancelled the Independence Day celebratory events as a cost-cutting measure. While massive celebrations were announced earlier for this years Independence Day… Continued

Govt. expedites proposing bill increasing GST ahead of parliament’s third term

July 17, 2022, 13:55

Male’, Maldives - The government of Maldives has expedited the process of increasing Goods and Services Tax (GST) by planning to propose the bill to the Maldives Parliament ahead of… Continued

Maldives at risk of reserve depletion by end of 2023

May 25, 2022, 12:17

United Kingdom - U.S. investment bank JPMorgan on Tuesday warned that the Maldives is at risk of reserve depletion by the end of 2023, signalling high default risks. Emerging markets… Continued

Government aims to reach pre-covid economic status by year-end

June 24, 2021, 11:06

Male', Maldives - Finance Minister Ibrahim Ameer on Thursday, forecasted that the country was on the path to recovery, set to reach 2019's economic positioning as early as by the… Continued