Economy

The US$ 500 million reckoning in April: what is a sukuk and why does it matter?

A guide to the Maldives' debt crunch in plain English.

The US$ 500 million question: can the Maldives avoid default in April?

The 2021 sukuk comes home to roost.

The Noonu corridor: Maafaru emerges as Maldives' private jet hub

A turtle nesting beach became a billionaire gateway.

"Can't carry on, can't go out to fish": Maldives yellowfin industry fights for survival

A fleet that once numbered 300 has shrunk to 97.

Between government optimism and World Bank warnings: dissecting the 2026 budget

Seventy cents of every dollar will go to debt payments.

The pension fund workaround: the Maldives money printing controversy

QE or creative accounting? The MVR 2.4 billion transaction explained.

Maldivians adapt to Temu tax as dollar crisis persists

Shoppers continue buying despite 30 percent fee on Chinese platforms.

Exchange rate buckles as Maldives central bank fights losing battle

Twin deficits drive economy toward possible default.

Nine years and US$ 1 billion later: Maldives unveils landmark airport terminal

Leaders trade blame over costly infrastructure saga.

Pilot strike threat exposes fault lines of Maldives' currency crisis

"We don't sell our dollars for profit," says a TMA pilot.

Maldives breathes sigh of relief as Iran-Israel ceasefire averts economic catastrophe

An oil price spiral could have devastated the tourism-dependent economy.

Maldives dollar crisis deepens amid rising oil prices and debt pressures

The 28 percent black market premium has sparked fears of inflation.

Maldives ditches subsidy reforms, bets on SOE efficiency for budget savings

Economists are skeptical of the new cost-cutting strategy.

Maldives hopes to avert debt default with US$9bn finance hub investment

A joint venture was signed with a Qatari family office.

Money printing will trigger inflation crisis, warns ex-central bank governor

"No injections will be made without fiscal space," deputy speaker assures.

Illusory budget surplus masks economic peril as debt crisis looms

Long overdue fiscal reforms remain stalled.

Government promises "quick intervention" to control Ramadan food prices

Monitoring system targets 141 Ramadan staples.

Capacity crunch forces fishing boats to queue up for days

The backlog will be cleared in two days, the fisheries minister assured.

Maldives downgraded to ‘fragile state’ by IMF

Tax authority reports fall in revenues for April

Tax receipts fell 19.9 percent below forecasts in April, the Maldives Inland Revenue Authority has said. Some MVR887.3million (US$57.5million) was collected last month.