A digest of news and opinion from the Maldives.
Finance Ministry has disbursed over MVR 13 Million to 1045 front line workers who have been exposed to different levels of risk amid pandemic in the Maldives. Front-line allowance has been introduced to these workers by the Finance Ministry on July 29th, 2020. On its commence, front line workers have been issued with MVR 2.9 […]
Maldives Monetary Authority (MMA) has revealed that the majority overdraw/monetize of MVR 4.2 billion to cover state expenses has been issued. According to a report published by MMA at the end of July, the government has taken an overdraw/monetize of over MVR 4 billion from the authority. This, in turn, indicates only a few amounts […]
The deputy Governor of Maldives Monetary Authority (MMA), Aishath Zahira, has retired on Wednesday after serving the authority for 31 years. Zahira tendered her retirement after completing two six-year terms as the deputy governor. The position of Deputy Governor was approved by the People’s Majlis after it was proposed by the president at the time. […]
The President had announced, that government offices, cafés, restaurants, and businesses will be permitted to fully reopen starting from 30th of June, via Twitter. However, the President’s Office later read that the date for government offices was moved back by a day to 2nd of July Government offices will be open from 9:00 to 13:00 […]
The Auditor General’s Office launched the first issue of the monthly series Audit Bulletin. This interactive bulletin was initially intended to be an easily accessible internal resource consisting of the relevant information required for auditors of AGO in order to add value to the on-going audits in times of COVID-19. However, since the bulletin covers […]
An additional MVR 12 billion is needed for state funds, Finance Minister Ibrahim Ameer revealed. Speaking in the Parliament’s Economic Committee on 17th June, Minister said that MVR 29.9 billion was estimated to receive as an aid. He also noted that the state’s expenses were very low due to the COVID-19 pandemic. Though it is […]
Maldives’ usable reserves have dropped below USD 270 million following the economic downturn brought on by the global pandemic, Finance Minister Ibrahim Ameer has said. The Minister said so in response to the ongoing discussion to set a minimum wage amount, stating that if the current amount being discussed was approved for expatriates the country […]
COVID-19 was the worst-hit pandemic in recent history. As economies are deteriorating, some governments are providing supportive benefits and stimulus packages. Here are the 5 exemplary efforts executed by the government of Maldives during COVID-19 pandemic. 1-Swift communication process Since the discovery of the first COVID-19 case outside of China, the Maldives government started discussions […]
MVR 17,000 as salary for Chairperson of MIRA’s Director Board, MVR 16,000 for Deputy chairperson and MVR 15,000 for its members, has been approved by the People’s Majlis. Peoples Majlis approved this with reference to the report which was researched and submitted to Majlis by the Public Accounts Committee, stating the changes in payments. Public […]