State expenditure to exceed income in 2022

Male', Maldives - Finance Ministry of Maldives has anticipated the State to receive MVR 23.7 billion as income in the upcoming year. While the Finance Ministry forecasts an income of… Continued

Moody’s downgrades the credit rating of Maldives

Male', Maldives - Moody's Investors Service (Moody's), this Tuesday downgraded the Government of Maldives long-term local and foreign currency issuer and long-term foreign currency senior unsecured ratings to Caa1 from B3,… Continued