World Bank

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

Word Bank to assist revival of Maldivian economy

April 28, 2021, 09:53

Malé, Maldives – The Word Bank has promised Maldives with assistance in post-covid economy recovery efforts. Faris Hadad-Zervis, Country Director for Maldives, Nepal and Sri Lanka has visited the Maldives regarding world… Continued

World Bank aids Maldives in accelerating renewable energy transition

February 5, 2021, 16:50

Washington DC - The World Bank’s Board of Executive Directors have approved a USD 107.4 million project to help Maldives accelerate its transition to renewable energy and support sustainable recovery.… Continued

President meets World Bank officials

November 30, 2020, 10:33

Male’, Maldives – President Ibrahim Mohamed Solih has met with the World Bank’s Country Director to the Maldives, Mr Faris Hadad-Zervos, and Country Manager, Ms Chiyo Kanda, this morning at… Continued

Large infrastructure investments should be postponed: World Bank

October 9, 2020, 14:30

Washington DC, USA - The World Bank has said that postponing large public infrastructure investments that are not urgently needed would help address Maldives fiscal and debt sustainability risks amid… Continued