Infrastructure Projects

Yameen dismisses concern over debt as Maldives turns to global bond markets

The president’s remarks come after the World Bank warned in its Global Economic Prospects report released last week that “rising debt levels” and “persistent political tensions” are among the risks facing the Maldivian economy.

Maldives hopeful of securing financing from Chinese-led bank

Speaking to reporters after returning from an official visit to China to attend the AIIB’s inaugural board of governors meeting in Beijing, Muiz said that the bank’s president, Jin Liquin, assured him of funding for infrastructure projects during an official meeting.

Infrastructure projects could ‘transform’ economy, but poses risks

A visiting IMF mission said today that the “unprecedented scale up in public infrastructure” – including the expansion of the international airport and construction of the Malé-Hulhulé bridge – could boost tourism capacity and prove transformation “if implemented successfully, together with supportive education and employment policies”. But substantial external borrowing could add to “already elevated public debt.”

Population consolidation keystone of 2016 state budget

As the dispersion of the Maldivian people in 188 islands is an obstacle to economic development, Jihad said the government’s population consolidation policy is to settle 70 percent of the population to Hulhumalé.

MPs quiz finance minister about revenue raising measures

President Yameen urges ACC to expedite investigations involving government projects

Projects awarded to MTCC increases fourfold

EC awaiting budget from Finance Ministry for parliamentary polls

Government suspends new development projects due to budget constraints

President Waheed requests parliamentary approval for loans of over US$96 million