A digest of news and opinion from the Maldives.
Maldives Monetary Authority (MMA) has revealed that Maldives racked up a deficit of MVR 15 billion in 2020. Expenditure stood at MVR 30.6 billion, which is twice the amount of income which was MVR 14 billion. Ministry of Finance had initially projected that, in the worst-case scenario, the nation’s economy will contract to a negative […]
GDP of the Maldives has declined by 51.6% in Q2 2020 compared to Q2 2019 according to the National Bureau of Statistics (NBS). The statistics reflect that public administration sector has the largest percentage share of 19.3% in GDP while the second-largest sector is Real Estate with 14.4% followed by the transportation and communication sector […]
Real Gross Domestic Product (GDP) of the Maldives has declined to -17.7% compared to 5.9% in 2019. According to the statistics of Maldives Monetary Authority (MMA), with the dislocation of demand and supply, global trade further declined in Q2 2020 with a downturn of -3.5 in Q1 2020. The economic activities in the Maldives had […]
Moody’s says the Maldives’ (B2 stable) announcement of a tap bond offering on its existing $200m 7.0% notes due 2022 will carry the B2 rating of the senior unsecured US dollar-denominated notes issued in June 2017, based on the preliminary prospectus. The senior unsecured notes will rank pari passu with all of the Government of […]