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IMF

Gasim urges spending cuts to avoid IMF bailout

He also reminded that every year when the debt budget is passed by the parliament, it has the power to pass the budget in whatever way it wants.

Economic Minister refutes IMF bailout rumors

He went on to insist that Maldives did not need an IMF package as the economic growth was better than expected.

16 February 2024

Maldives can use debt-for-nature swaps to reduce debt, IMF says

IMF said that the Maldives’ reserves have declined to a low level, which calls for policy actions.

3% hike in commodity prices; unlikely to rise again

Many traders said they were unlikely to see any further hike in prices this year.

31 January 2023

Top Stories

Top Stories

Tax hike may lead to $50 million tourism loss, MATATO warns

MATATO's statement accused Minister Ameer of giving “flawed” information to the IMF and the World Bank.

24 November 2022

IMF urges Maldives to take swift action to tackle debt, shocks

IMF directors urged steadfast implementation of comprehensive reforms to reduce vulnerabilities and strengthen economic resilience.

21 December 2022

IMF agrees $4.5 billion Bangladesh support programme

Bangladesh's economic mainstay is the export-oriented garment industry.

10 November 2022

Natural disaster-hit countries get automatic debt freeze option

ICMA said while technically no country is excluded from using CRDCs, they were likely to be most suitable for low-income countries.

10 November 2022

Protesters outside IMF

A group of protesters carried a banner just outside an entrance point that said: "Cancel debt for people & planet."

14 October 2022

Maldives tourist arrivals see 8% drop in Aug

The growing global economic recession is the main reason for the decline in Maldivian tourism

3 September 2022

IMF's full advice: hike taxes with spending cuts

Statistics released by the Finance Ministry show that the government's expenditure increased by MVR 4.3 billion this year compared to last year.

18 September 2022