Nasheed renews call for talks on governance reform

Former President Mohamed Nasheed has renewed his call for the government to engage in discussions on proposed changes to the governance framework.

In a post on X on Tuesday, Nasheed urged the government to take part in dialogue, following President Mohamed Muizzu’s rejection of the proposal at a press conference held a day earlier.

Nasheed linked the issue to an upcoming deadline for the Maldives to settle a USD 400 million currency swap facility with the Reserve Bank of India.

He noted that while the repayment is due this month, two extensions have previously been granted. He added that reports suggest a further extension may not be permitted under India’s financial regulations.

Nasheed also referred to the recent settlement of a USD 550 million Sukuk bond and raised concerns about the country’s foreign currency reserves.

“If the country defaults, it will affect both the government and private sector,” he said.

He stated that one aim of the proposed changes is to enable dialogue on debt management. He said that negotiations supported by consensus among political parties would improve the prospects of reaching an agreement.

“We urge the government to come to the negotiating table,” Nasheed said.

The proposed changes, presented jointly with former Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail, include separating the roles of Head of State and Head of Government. Under the proposal, the Head of Government would be elected through a public vote, while the Head of State would be elected by Members of Parliament and local councillors, with removal subject to a public referendum.

The proposal also includes measures related to the removal of judges and members of independent institutions, the establishment of an oversight body, and changes to the composition of Parliament.

President Muizzu has stated that the proposals do not fall within the mandate given to his administration.