person

Finance Minister Ahmed Munawar

Politics

Finance ministry admits breach of right to information law

The ministry failed to provide information within the legally mandated 21-day period.

17 Oct 2018, 9:00 AM

Business & Tourism

Record MVR28bn budget proposed for 2018

Finance Minister Ahmed Munawar submitted for parliamentary approval a record MVR27.9 billion (US$1.8 billion) budget for 2018.

15 Nov 2017, 9:00 AM

Business & Tourism

Finance minister submits US$32m supplementary budget for 2017

The new spending plans for the last two months of the year include MVR330 million for the Aasandha health insurance scheme and MVR26 million to hold seven parliamentary by-elections.

24 Oct 2017, 9:00 AM

Business & Tourism

Islamic Development Bank pledges US$117m

Finance Minister Ahmed Munawar secured the funds during meetings held on the sidelines of the IDB’s annual meeting in Jeddah, Saudi Arabia from May 16 to 21.

30 May 2017, 9:00 AM

Business & Tourism

Fitch assigns stable outlook rating for Maldives

The B+ rating reflects strong economic growth and high government revenue from the tourism sector weighed against high debt and low foreign currency reserves.

17 May 2017, 9:00 AM

Business & Tourism

Finance minister presents MVR26.7bn budget for 2017

Along with an ambitious infrastructure scale-up, the finance minister said the budget is geared towards bringing the Maldives’ growing debt on a sustainable footing

08 Nov 2016, 9:00 AM

Business & Tourism

New airport fees and ‘congestion tax’ among revenue-raising measures for 2017

A US$25 airport development charge, a “congestion tax” and increased import duties for tobacco and fizzy drinks are among a raft of revenue-raising measures proposed in the 2017 state budget

08 Nov 2016, 9:00 AM

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