A digest of news and opinion from the Maldives.
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 […]
President has urged all citizens to take all precautionary measures, following the current weather conditions being experienced across country. The President has also said that he was closely monitoring the condition of the people in all parts of the country, and reassured that all relevant authorities have been instructed to be on alert at all […]
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 […]
NEW DELHI: Neighbouring Maldives could plunge into a fresh crisis with the main Opposition Maldives Democratic Party (MDP) led by former President Nasheed raising red flag over Maldives-China FTA that was rushed through Parliament on Wednesday in a record one hour without any debate. Sino-Maldivian trade balance remains considerably in favour of China, and there […]
On 29 November, Abdulla Maseeh Speaker of Parliament called for an emergency sitting, to pass the FTA with China. 1000 page Agreement was sent to the Parliamentary oversight committee on national security affairs within 3 minutes of submission to the floor. The Committee reviews the Agreement took less than 10 minutes behind the close door […]
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 […]
Prime Minister Narendra Modi with Maldives President Abdulla Yameen Abdul Gayoom (Express photo/Renuka Puri/File) In a sudden move that has sent alarm bells ringing in New Delhi, Maldives rammed through its Free Trade Agreement with China in the Maldivian parliament last night in a session attended by only 30 out of 85 members. The haste […]
Until recently the Maldives did not have an image problem. Expertly insulated on private islands and in luxury cabanas, the honeymooners and celebrities that flocked to its white sand beaches had little idea of what life was like for Maldivians under the iron fist of dictator Maumoon Abdul Gayoom, who ruled for three decades until 2008. […]
INTRODUCTION Maldives, a country situated at the south-southwest of India having a population of approx. 3, 92,709, has been making rounds on international front since the sentencing of ex-president Mohammed Nasheed for 13 years on the charges of terrorism. Afghanistan is located in the heart of Asia and it certainly has serious geopolitical interests in […]