Government has caused “irreparable damage” to investment climate: MDP
13 Aug 2012, 7:26 PM
Daniel Bosley
“The MDP is extremely worried about the deteriorating environment for investors and strongly condemns the continued threats posed by Dr Waheed’s administration to foreign investors,” read a press statement released by the party today.
The party’s spokesman, Hamid Abdul Ghafoor, stated that public-private partnerships (PPP) initiated under the MDP government have been suspended “in the interest of preserving the status and wealth of few local wealthy businessmen.”
The current government announced the suspension of any new PPP projects shortly after assuming power. The Minister of Economic Development, Ahmed Mohamed, whose department handles foreign investment in the Maldives, was not responding at the time of press. President’s Office Spokesperson Abbas Adil Riza was also not responding.
The MDP statement specifically mentions three projects which have encountered difficulties, claiming that they have been intentionally hindered by the current government, “causing irreparable damage to the foreign investment climate of Maldives.”
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