A digest of news and opinion from the Maldives.
Faris Hadad-Zervos, the World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, completed his first visit to the Maldives last week. The purpose of this visit was to experience firsthand the country’s response to the COVID-19 pandemic and recovery efforts, as well as the progress and results of the World Bank-supported projects in […]
Minister of Finance, Honorable Ibrahim Ameer stated that it is essential to continue the development projects to recover from the current conditions due to COVID-19 despite the advice from World Bank. According to a report released by World Bank on the economic condition in South Asia, the current measures taken by the Maldivian government would […]
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 […]
The World Bank report has estimated that the Maldives will fall into a steep recession with -8.5% growth in 2020 but also forecasts a strong recovery in 2021 with 7.3% growth. Growth is expected to contract by 8.5 per cent in 2020 as the COVID-19 outbreak dampens tourism and construction. As per the report, the […]
The World Bank has approved to grant USD 7.3 million to the Maldives, as an aid to combat with the COVID-19 pandemic. The World Bank’s Board of Directors has approved to grant this aid under the project named, Maldives COVID-19 Emergency Response and Health Preparedness. In a statement released by the bank, has stated that […]
Students of Arabiyya School pictured with their final report cards. PHOTO: HUSSAIN WAHEED/MIHAARU The education ministry in conjunction with the World Bank are to launch a major project of USD 10 million (MVR 154 million) to improve the quality of higher education and human resources in the Maldives. According to education state minister Dr Abdulla […]
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 World Bank has apologised for Maldivians being asked “unintended” political questions in a financial survey about how good their president is. In a statement issued Tuesday the global institution said survey staff had been posing questions “beyond the scope” of a data gathering exercise about how people save, borrow, make payments and manage risks […]
Gulhi Falhu where a mega project was started previously by a foreign investor: Changes to government affects such projects. Now this project is nationalised The original Dhivehi article was published on Avas.mv website on 30th November 2017. The following is a loose translation: Every year the World Bank selects countries which are easy to do […]