Finance Ministry has deferred land lease payments and resort payments by its owners to the government, for a period of one year. A circular signed by Finance Minister Ibrahim Ameer read that both businesses and the public are facing faced with economic downturns due to the COVID-19 pandemic and the safety measures implemented regarding the […]
In a press conference, President Ibrahim Mohamed Solih stated the upcoming six months of 2020 will be highly strenuous for the Maldivian economy. “The next six months will be very demanding. Not only for the expenditure of the state but also for the expenditure of the public. Huge difficulties will be faced by public businesses […]
The People’s Majlis Environment and Climate Change Committee have proposed to the government to allocate land for minimum 6,000 housing units from Gulhifalhu in Kaafu Atoll. The ongoing reclamation at Gulhifalhu has been causing several disputes with regard to the damage to the reef of Villimale’ where the parliament committee and Environment Protection Agency (EPA) […]
A report published by the World Bank States, at the end of 2020, the debt beard by the Maldivian government is at 78.9% of GDP and about 45% of this debt is to be paid to China. Whilst the debt amount of the government is increasing in the ongoing 2020, A report reading “Maldives Development […]
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 […]
President Ibrahim Mohamed Solih has appointed Mohamed Aslam as Minister of National Planning, Housing and Infrastructure. Mr Aslam took his oath of office with Supreme Court Justice, Dr Azmiralda Zahir, presiding over a special ceremony held at the President’s Office. During the ceremony, President Solih presented the Minister with his letter of appointment. Mohamed Aslam […]
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 […]
Project is a part of UNDP global programme in the amount of US$1,449,360 focused on the Maldives, supported by the Government of Japan. Aims to support entrepreneurship, innovation and economic diversification through the development of MSMEs. Promotes green farming practices, food security and enables the creation of jobs for the most vulnerable in the aftermath […]