Global hedge funds plan 2023 around inflation risk

Most of the hedge fund managers Reuters spoke to think long-short equity strategies will remain out of favour after last year's underperformance.

5 January 2023

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

Maldives to see fastest growth in South Asia in 2023: World Bank

The Washington-based development bank said Maldives economic growth is expected to moderate to 8.2% in 2023.

11 January 2023

World Bank praises Maldives for 'unpopular, but good' measures

Martin Raiser, the World Bank Vice President for South Asia, paid a courtesy call on President Ibrahim Mohamed Solih on Thursday.

9 December 2022

World Bank criticises second housing company

According to the World Bank, financial burden of the loans taken by FDC for the housing projects must be borne by the finance ministry.

12 October 2022

IFC appoints new country manager for Maldives, Sri Lanka

In Maldives, IFC has been supporting the private sector since 1983 — with over $200 million in investments so far.

5 December 2022

World Bank warns global economy could tip into recession in 2023

The bank called for increased support from the international community to help low-income countries deal with food and energy shocks.

12 January 2023

Solar installation to save MVR 15-20m from fuel costs begins

Speaking on the occasion, World Bank Vice President Martin Raiser said that the Maldives is one of the worst sufferers of climate change.

8 December 2022