Diversifying Dollar Access: MIB’s Untapped Potential to Serve Maldivians
For years, the Bank of Maldives (BML) has carried the burden of being the country’s…
Section
Economy
Gov’t Spending Trails Behind Revenue as Maldives Posts MVR 1.36 Billion Surplus
The Maldives recorded a budget surplus of MVR 1.36 billion as of 19 June 2025,…
World Bank Calls for Radical Transparency to Prevent Debt Crises in Developing Countries
A new World Bank report warns that opaque debt practices are endangering the financial stability…
Maldives Posts MVR 1.3 Billion Surplus Amidst Weak Capital Expenditure
The latest Weekly Fiscal Developments report by the Ministry of Finance shows a striking divergence…
VP Urges All Maldivians to Contribute to Economic Transformation
Vice President Hussain Mohamed Latheef has called on all Maldivians to actively contribute to rebuilding…
Global Economic Outlook Highlights Risk Factors for Small Island States
The latest Global Economic Prospects (GEP) report by the World Bank, published in June 2025,…
Fitch Maintains Maldives’ ‘CC’ Rating
Fitch Ratings has reaffirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’ as…
Tourism Revenues Fuel Fiscal Surplus, But Development Spending Falls Short
The Maldivian government has reported a fiscal surplus of MVR 1.1 billion for the year…
Minister Urges Reforms to Boost State Revenue from Maritime Activities in EEZ
Minister of Transport and Civil Aviation Mohamed Ameen has emphasised the need for the state…
Tourism Prices Surge in Q1 2025 as Maldives’ Resort Sector Leads Growth
The Maldives’ tourism industry recorded notable momentum in the first quarter of 2025, with the…
Strong Tourism Revenue Drives Fiscal Surplus, But Development Spending Lags Behind
The Maldives’ fiscal position appears stable, with the Ministry of Finance reporting a surplus of…
MMA Reaffirms Commitment to Transparent Licensing Amid Unverified Claims
The Maldives Monetary Authority (MMA) has confirmed that it recently issued pre-operational permits to two…
Government Launches Second Phase of “Fashaa Madhadhu Loan” to Empower More Women Entrepreneurs
The Ministry of Social and Family Development has announced the opening of applications for the…
Transition to ‘Tradian’ Trade Platform Delayed Until Further Notice
The Ministry of Economic Development and Trade announced today a delay in the full transition…
April 2025 Economic Update: Moderate Growth, Evolving Tourism Trends, and Rising Inflation
The Maldives’ economic performance in the fourth quarter of 2024 and the first quarter of…
Government Receives Only 3.6% of Projected Foreign Grants in First Five Months of 2025
The Ministry of Finance has revealed that the Maldivian government collected just 3.6 percent of…
Ministry of Economic Development and UNDP Sign MoU to Boost Maldivian Export Development
The Ministry of Economic Development and Trade (MEDT) signed a Memorandum of Understanding (MoU) with…
MMA Grants Pre-Operational Approval to Two New Banks to Boost Financial Sector
The Maldives Monetary Authority (MMA) has granted pre-operational approval to two new banking institutions as…
Domestic Prices Decline in April, Led by Drop in Food and Utility Costs
Consumer prices in the Maldives declined for a second consecutive month this year, according to…
Green and Departure Tax Revenues Surge in Early 2025
Revenues from the Maldives’ Green Tax and Departure Tax have risen significantly in the first…
Ministry to Develop Northern Logistical Hub Through Kulhudhufushi Harbour Expansion
The Ministry of Economic Development and Trade will develop a logistical hub to serve the…
Construction Sector Shrinks for Fourth Straight Quarter as Costs Rise and Orders Lag
The construction sector in the Maldives continued its decline for a fourth consecutive quarter in…
Subsidies Down 21% in 2025 Amid Fiscal Surplus
Government expenditure on subsidies saw a significant decline in 2025, with spending falling to MVR…
Recurrent Costs Rise While Capital Spending Falls Behind
The Maldives recorded a surplus of MVR 1.95 billion in the latest fiscal update, but…