National debt

Gulhifalhu reclamation loan to be paid back with MVR 500 million interest

August 28, 2022, 10:57

Malé, Maldives - The USD 101 million (MVR 1.6 billion) loan taken by the Maldives government for the reclamation of Gulhifalhu-Phase II will have to be paid back with 6… Continued

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

Govt to hike GST, TGST to 12 and 16 percent in 2023

July 6, 2022, 10:39

Malé, Maldives - Minister of Finance Ibrahim Ameer on Tuesday confirmed that the government has planned to increase Goods and Services Tax (GST) in 2023. The GST hike will result… Continued

Government aids Addu International Airport to repay loan

June 7, 2021, 18:17

Malé, Maldives - Government of Maldives has started to provide cash flow assistance to three State Owned Enterprises (SOEs) in repaying loans which were taken with governments sovereign guarantee including… Continued

Moody’s warns Maldives over potential difficulties in obtaining loans

May 26, 2021, 15:51

Malé, Maldives - International Credit Rating Agency Moody's has stated that Maldives will face difficulties in procuring loans in the coming years due to the increased debt of the country.… Continued

China did not restructure any loans: Nasheed

November 19, 2020, 18:30

Male’, Maldives – The former President of Maldives and the current Speaker of the Parliament, Mohamed Nasheed says that China has not restructured any of the debts Maldives owes to them.… Continued

National debt at MVR 172 BILLION

October 19, 2020, 17:02

Male', Maldives - National Debt Report complied by the parliament has shown that the national debt of Maldives adds up to a whopping MVR 172 billion. The committee to investigate… Continued