PRESS STATEMENT: Assessment of the Anti Corruption Commission of the Maldives
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Governance
65 islands’ opened for tender
Uninhabited island in Vaavu Atoll The original Dhivehi article was published on Vaguthu.mv website on 25th September 2017. The following is a loose translation: As per tender procedures, Ministry of Fisheries and Agriculture has announced tenders of 65 islands in Shaviyani, Noonu, Raa, Baa, Kaafu, Alifu Dhaalu, Vaavu and Seenu Atoll. On last Monday, the […]
Moody’s report brings cheer to Maldives tackling financial challenges
Encouraged by Moody’s positive credit profile of the Maldives released on Wednesday, the Abdulla Yameen Government has decided to stick to its existing economic policies for the remainder of its term amidst criticism by the prophets of doom in the opposition. “The report is a further vindication of this administration’s economic plans. It confirms that […]
Maldives National Reserve decreases by 5% in the last month
According to Maldives Monetary Authority (MMA), the national reserve of Maldives has gone down by 5% in during last month. MMA statistics show that there was USD 571.8 million in national reserve at the end of July. This is a 7% yearly decrease and a 5% monthly decrease. The usable reserve was USD 207.6 million. […]
Fenaka wiped out in plain sight of everyone
The original Dhivehi article was published on Mihaaru.com website on 25th September 2017. The following is a loose translation: It has been years since *Fenaka Corporation‘s former top management officials had been marred by allegations of doing under deals, selling US dollars to several parties and favouring projects to ‘close people’. Amid the allegations, several […]
Moody’s: Maldives’ credit profile balances healthy GDP growth with an anticipated ramp-up in debt
However, robust growth has been accompanied by budget and current account deficits, and a ramp-up in debt. Maldives’ small size, narrow economic diversification and low level of development also raise its vulnerability to natural disasters. Moody’s conclusions are contained in its just-released annual credit analysis titled “Government of Maldives – B2 stable” and which examines […]
Salla: The appointment and dismissal of members to independent institutions
This is the twelfth issue of the Human Rights newsletter, Sallaa, produced by Transparency Maldives. View/ Download the newsletter here
Inflation spikes by 4.2 percent in second quarter
Maldives Monetary Authority (MMA) in capital Male. Inflation rates spiked by 4.2 percent during the second quarter, revealed the Maldives’ central bank on Tuesday. According to a report released by Maldives Monetary Authority (MMA), inflation has increased from the final quarter of 2016 to the second quarter of this year. MMA attributed this spike in […]
Pres reveals plan to develop 8000 new flats next year
On-going development of flats in Hulhumale. PHOTO/HDC In order to fulfil government’s affordable housing pledge, approximately 8,000 new flats will be developed next year, President Abdulla Yameen claimed on Sunday night. Speaking at the graduation ceremony of the vocational training programme held for young photographers, the president said that the government’s aim is to create […]