A digest of news and opinion from the Maldives.
President Ibrahim Mohamed Solih has today ratified the Water and Sewerage Act (Act no. 8/2020). The Act was passed by the Parliament at the 21st sitting of its second session, on 20th July 2020. The Water and Sewerage Act ensures the delivery of safe and clean water to all persons in the country. The Act […]
The estimated expenditure by the government for 2020 is MVR 37.9 billion and the estimated budget balance for this year is a deficit of MVR 6.0 billion. Millions are allocated for ministries, such as the Ministry of Gender and National Drug Agency, but is it truly worth it? Do the results of the work done […]
The Government of Maldives has acquired loans which amount to USD 208 million in 2020. According to the statistics published by the Finance Ministry, Government has acquired USD 209 million as loans from the 1st of January till the 3rd of August 2020. These loans have been obtained from banks and other finance-related authorities. Finance […]
Maldives Inland Revenue Authority (MIRA) stated that the government revenue for the first quarter (Q1) of 2020 has decreased by 11.5%. Statistics of government revenue published by MIRA for the months of January-March record an income of MVR4.35 Billion. This is an 11.5% decrease compared to the amount generated in the first quarter of 2019. […]
Recently, the Speaker of Parliament Mohamed Nasheed proposed a bill to grant residency visas to foreigners married to Maldivian nationals and any foreigner who has invested MVR 100,000 on a business with the approval of the relevant authorities. Further, the bill states that any foreigner who has rented a property in the Maldives for over […]
The Maldivian government has commenced disbursing frontline allowance. This was announced for the workers on the frontlines who have been fighting to flatten the curve of the global virus – COVID-19. Finance Ministry has made an announcement stating that frontline workers will receive the frontline allowanced allocated starting from the 29th of July 2020. Finance […]
Sovereign Development Fund (SDF) collected MVR 246.4 Million. This fund was created to ease the payments of loans issued to the Maldivian government. A report published by the finance ministry reads that this fund has collected MVR246.4 million till the 16th Day of 2020. This amount was at MVR770.1 million at the same time, in […]
President Ibrahim Mohamed Solih has announced that the Maldives opened its borders after ensuring the welfare of tourists and that the Maldives is most possibly the safest destination. In the virtual conference held on Independence Day by the foreign minister Abdulla Shahid to meet the diplomats abroad, the president stated that Independence Day fell at […]
Foreign Minister, Abdulla Shahid has stated the administration of Maldives is ready to agenda more projects with China & will work to reinforce the relationship between two countries. Minister Shahid said that China has always been and the country will continue to assist the Maldives as a crucial economic and bilateral development partner of the […]