Destination Future, a Maldivian NGO dedicated to sustainable development, has raised significant concerns about the government’s recent changes to the dollar exchange policy and an accompanying tax increase.
In a letter addressed to President Dr. Mohamed Muizzu, the organisation criticised the abrupt implementation of these measures, highlighting their potentially harmful impact on businesses across various sectors.
The NGO noted that the changes, introduced without sufficient consultation with key industry stakeholders, could destabilise businesses and create long-term uncertainty. This, they argue, may deter both local and international investment, undermining market confidence in the process.
Destination Future emphasised the importance of collaborative dialogue, suggesting that policies of this magnitude require input from those likely to be most affected. The absence of such consultation, they warned, has led to measures that, while aiming to benefit the public, might inadvertently harm small and medium enterprises and larger players in the tourism industry—the cornerstone of the Maldivian economy.
In its appeal, the organisation urged the government to reconsider the policies and adopt a more inclusive decision-making process. By fostering transparent discussions with stakeholders, Destination Future believes the government can achieve its economic goals without compromising business stability and growth.
The letter concluded with a commitment to support the administration in developing strategies that balance sustainable development with the interests of the broader Maldivian economy.
