A digest of news and opinion from the Maldives.
Tourism minister Moosa Zameer pictured speaking at a ceremony. PHOTO/MIHAARU Tourism minister Moosa Zameer announced Thursday that a bill proposing to gain trust and protect passenger rights will be submitted to the parliament next year. In a speech given on the occasion of International Civil Aviation Day, Zameer stated that the government was constantly working […]
Basic questions about an abducted Maldives Independent journalist have not been answered by the state including whether he is still alive, a court heard Thursday. Three suspects have been charged in connection with the kidnapping of Ahmed Rilwan, who went missing three years ago. Two of them, Aalif Rauf and Mohamed Nooradheen, are not in […]
An employee of BML pictured counting US Dollars. Following a drop in US Dollar revenue, the usable reserve of the state treasury declined to USD 179 million by the end of October. According to Maldives Monetary Authority (MMA)’s economic review, the central bank’s usable reserve stood at MVR 179.8 million by October end, which is a […]
Ratings giant Moody’s has indicated that they would consider raising ratings for the Maldives if fiscal deficit is lowered. Moody’s said that if the deficit continues to increase, then it will impact the ability for the nation to borrow. At 65.7 percent of GDP in 2016, debt is significantly above the median for B-rated sovereigns […]
IMF’s Deputy Division Chief Philippe Karam speaks at press conference at the end of IMF’s annual visit to Maldives. PHOTO: HUSSAIN WAHEED/MIHAARU The International Monetary Fund (IMF) has raised concerns over the “volatility” of the Maldives’ economic growth. IMF had released a report on Friday, detailing the views of its Executive Board expressed in October, […]
The Maldives has been downgraded to a “fragile state” by the IMF because of the tense political situation, the way business is regulated and how the country’s finances and budgets have been run in recent years. The new classification is the latest blow to the Maldivian economy from the institution, which has repeatedly spoken of […]
The original Dhivehi article was published on Avas.mv website on 30th March 2017. The following is a loose translation: The decision to make a Maldives – China Free Trade Agreement (FTA) was taken in December 2014, in China. And to see if this was feasible, experts from both sides met on 4 February 2015. And […]
Maldives Monetary Authority Governor Ahmed Naseer has said that since the expected total revenue (excluding grants) of the Government is 1.3 times higher than the expected current expenditure, the revenue is sufficient to cover current expenditure, and funds raised from borrowings are used solely for capital investments. On 22 November, a National Budget of MVR27.9 […]
Gulhi Falhu where a mega project was started previously by a foreign investor: Changes to government affects such projects. Now this project is nationalised The original Dhivehi article was published on Avas.mv website on 30th November 2017. The following is a loose translation: Every year the World Bank selects countries which are easy to do […]