- Economic Minister Mohamed Saeed says government policy interventions are delivering concrete results to resolve financial challenges.
- Saeed condemned negative reporting, warning it discourages investment and harms tourism, and dismissed fears of essential goods shortages.
- The government has deferred repayments on Chinese bilateral loans, ADFD funding, and select sovereign-guaranteed loans for fiscal room.
The Minister of Economic Development, Transport and Trade, Mohamed Saeed, has stated that government policy interventions are delivering concrete results and will resolve the country’s current financial and economic challenges.
Addressing recent commentary, Minister Saeed strongly condemned negative reporting regarding the nation’s financial status, warning that campaigns discouraging investment in the Maldives risk harming the broader economy. He noted that any adverse impact on the vital tourism sector directly affects citizens, adding that opposition parties in other nations rarely resort to measures that actively undermine their national economy.
The minister also dismissed claims that the country faces imminent shortages of essential goods following upcoming debt servicing obligations. He gave firm assurances that supplies of staple foods, fuel, and gas will remain secure and uninterrupted, accusing commentators of deliberately stoking public anxiety to destabilise market confidence.
Outlining the government’s debt management strategy, Minister Saeed confirmed that officials have successfully deferred repayment schedules for several key obligations. These negotiated deferrals include bilateral loans with the Chinese government, funding from the Abu Dhabi Fund for Development (ADFD), and selected sovereign-guaranteed loans, providing the administration with fiscal room to navigate current liabilities.
