A digest of news and opinion from the Maldives.
IMF’s Deputy Division Chief Philippe Karam speaks at press conference at the end of IMF’s annual visit to Maldives. PHOTO: HUSSAIN WAHEED/MIHAARU The International Monetary Fund (IMF) has raised concerns over the “volatility” of the Maldives’ economic growth. IMF had released a report on Friday, detailing the views of its Executive Board expressed in October, […]
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 […]
The original Dhivehi article was published on Avas.mv website on 16th November 2017. The following is a loose translation: The new budget is a new hope. It is a new opportunity for the citizens. A prosperous future. In short, the release of the next year’s budget triggers happiness. However, Maldives budget shows a very scary […]
The original Dhivehi article was published on Avas.mv website on 11th October 2017. The following is a loose translation: In contrast to neighbouring countries, Maldives economy is small. The income generating resources are also less. The entire economy is dependent on tourism. Therefore, in order to broaden the economy, the government started several initiatives. Likewise, […]