India arranges $200m currency swap to improve Maldives reserves

The last time India gave a currency swap to the Maldives was in December 2020, when it received USD 250 million, cleared this year.

9 December 2022

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

Government proposes MVR 42.6 billion budget for 2023

The budget deficit for the next fiscal year is expected to be MVR 8.4 billion. This is a deficit of 8.1% in terms of productivity or GDP.

31 October 2022

Maldives' debt crosses MVR 100b at 2022 end

According to finance data, the government has taken eight new loans in the last one year.

7 February 2023

2023 budget is a credible roadmap, finance minister says

31 October 2022

MMA concerned as budget lacks proposal to repay printed money

The MMA has pointed out that this is leading to a growing financial crisis.

11 November 2022

Maldives to sell first eco bonds to finance 8.4 billion deficit

The government aims to fund environment-related projects by selling green or blue bonds worth MVR 771 million in the foreign market over the next three years.

31 October 2022

Arabiyya acting head denies rumours of Arabic education ban

Saeed said that one of the biggest challenges in the governance of Arabiyya is the hasty transfer of principals.

15 December 2022