Maldives CPI Growth Slows to 0.20% in May
Inflationary pressure in the Maldives eased sharply in May, with consumer prices rising at a…
Section
Economy
External Debt Repayment Central to Government’s Economic Strategy, Says Spokesperson
The Government has identified foreign debt repayment as its main economic priority, as the Maldives…
World Bank Warns Maldives Debt Could Exceed 140% of GDP Without Reform
The Maldives is entering a more constrained fiscal period, with rising debt, tighter financing conditions…
World Bank Projects Maldives Growth to Fall to 0.7 Percent in 2026
The Maldives enters 2026 facing a sharp loss of economic momentum after a strong 2025,…
IMF Calls for Fiscal Reforms as Maldives Faces Weaker Growth
The Maldivian economy is expected to grow by only around 1 per cent in 2026…
Oil Markets Reverse as Proposed Iran Deal Raises Supply Hopes
A sharp reversal in global oil markets could ease inflation and energy costs across import-dependent…
Minister Saeed Calls for Wider Economic Diversification Beyond Tourism
The Maldives will need to expand economic activity beyond tourism to achieve stronger long-term growth,…
Gov’t Records MVR 111 Million Deficit as Spending Outpaces Revenue
The Maldives recorded an overall fiscal deficit of MVR 110.6 million by 4 June 2026,…
Fewer Tourists Drove May Tax Revenue Lower
Government revenue collected through the Maldives Inland Revenue Authority fell in May as the sharp…
Rising Costs Cloud Outlook for Transport and Communication Sector
Transport and communication businesses recorded another quarter of growth at the start of 2026, but…
Rising Material and Energy Costs Weigh on Construction Outlook
Construction businesses reported weaker activity during the first quarter of 2026, with declining orders, tighter…
MIRA Collects MVR 2.05 Billion in May Revenue, Falls Slightly Short of Target
The Maldives Inland Revenue Authority (MIRA) collected MVR 2.05 billion in revenue during May 2026,…
Fitch Upgrades Maldives Rating to ‘CCC-’ Following Sukuk Repayment
Fitch Ratings has upgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-’ from…
MIRA Reports MVR 543 Million Recovered Through Enforcement Measures
The Maldives Inland Revenue Authority (MIRA) has reported that it recovered MVR 543 million last…
Fiscal Surplus Narrows as Spending Outpaces Revenue Growth
The Maldives recorded a fiscal surplus of MVR 118.2 million as of 14 May 2026,…
Essential Commodity Prices in Malé Rise 4.4 Percent Over the Past Year
Essential commodity prices in Malé continued to rise in April, with the latest data from…
MMA Figures Reveal Scale of State Foreign Currency Drain After Sukuk Repayment
The Maldives’ April balance sheet offers a rare look at how quickly sovereign foreign currency…
Maldives Records MVR 1 Billion Surplus Despite Higher Spending
The government recorded a fiscal surplus of MVR 1.04 billion by the end of April,…
Maldives Economy Expanded 6.3 Percent in 2025, MMA Says
The Maldivian economy entered 2026 with stronger headline indicators, but the Maldives Monetary Authority’s Annual…
Fiscal Surplus Persists as Revenue Growth Outpaces Spending in Early 2026
Government finances remained in surplus through mid-April, supported by strong tax collections, though underlying spending…
IMF Warns Middle East Conflict Threatens Global Growth Outlook
Rising geopolitical tensions linked to the Middle East conflict are beginning to weigh on the…
Fiscal Surplus Holds as Capital Spending Lags in Maldives
The Ministry of Finance and Planning’s latest Weekly Fiscal Developments report shows that the Maldives…
Maldives Faces Slowing Growth as External Pressures Mount, ADB Warns
The Maldives’ recent economic rebound is expected to lose momentum as external shocks and structural…
February Inflation Edges Higher Despite Flat Annual Growth: Statistics Maldives
Inflation in the Maldives picked up in February, according to the Maldives Bureau of Statistics,…