President assures Maldives economic recovery on solid foundation
He noted that economic reforms include the merger of certain state-owned companies.
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President Mohamed Muizzu has affirmed that Maldivians will witness sustainable development in the medium and long term, supported by a firm foundation.
He made the remarks in an exclusive interview with Sangu TV Friday evening.
In the interview, the president stated that the government would bolster the country’s economy and highlighted various initiatives implemented by the government in this regard.
The president stated that the government is focused on strengthening the economy and is making substantial progress with a solid foundation.
He emphasised that printing money is not an option. Furthermore, legal and systemic reforms are being implemented to increase the dollar supply, and the president anticipated an improvement in reserves soon.
Financial support for workers, companies, and small and medium enterprises are to continue over the next few months, with a target to disburse all pending payments by the end of November.
The president indicated that billions of Rufiyaa have been allocated to support fishermen and to develop factories for expanding the fisheries sector, contributing to the economic recovery.
He also reported that the Velana International Airport is in the final stages of completion and that additional resorts are being developed.
He also outlined several initiatives intended to launch additional major projects.
The president noted that countries such as China and India are contributing to financial and economic stability by creating various opportunities. He also announced that a major project is being planned with Chinese grants to address the road infrastructure issues in Male.
The president emphasised that large-scale projects require meticulous preparation and significant time for planning. He assured that preparations for numerous such projects are advancing swiftly behind the scenes.
The president stated that his international visits have played a key role in stabilising the situation in the Maldives. He stated that relations between the Maldives and other countries have considerably improved, resulting in strengthened foreign relations and a solid foundation for the economy.
Additionally, he noted that economic reforms include the merger of certain state-owned companies.
