topic

Public Debt

Business & Tourism

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.

23 Jan 2017, 9:00 AM

Business & Tourism

Moody’s assigns Maldives’ first sovereign credit rating

The Maldives was assigned a local and foreign currency issuer rating of B2, which is considered “speculative and subject to high credit risk.” According to Moody’s, the rating and stable outlook reflect healthy growth prospects driven by the tourism sector, low institutional strength, and a high and rising debt burden.

03 Sep 2016, 9:00 AM

Business & Tourism

Maldives economy slowed to 1.9% in 2015

The Maldivian economy slowed to just 1.9 percent growth in 2015, knocked by a slowdown in tourism arrivals and a number of booking cancellations following a state of emergency in November, the World Bank has said.

11 May 2016, 9:00 AM

Business & Tourism

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.”

17 Jan 2016, 9:00 AM

Business & Tourism

Government’s estimate for 2015 economic growth unrealistic, says World Bank

High levels of public debt “driven by high and rising public spending” is the immediate macroeconomic challenge facing the Maldives, observed the World Bank’s South Asia Economic Focus report released last week. The government’s forecast for economic growth is 8.5 percent, but both the World Bank and the International Monetary Fund (IMF) expect the Maldivian economy to grow by 5 percent this year.

11 Oct 2015, 9:00 AM

Business & Tourism

Public debt to reach MVR31 billion by end of 2014, reveals finance minister

04 Nov 2014, 5:00 PM

Politics

World Bank provides US$6.5 million grant for public financial management system

17 Jul 2014, 4:36 PM

Politics

MDP will not respect separation of powers, says President Yameen

15 Feb 2014, 3:46 PM

Politics

President ratifies fiscal responsibility bill to limit govt spending and public debt

07 May 2013, 4:10 PM

Politics

Proposed budget faces cross-party criticism

09 Dec 2012, 5:41 PM

News In Brief

Cabinet discuss debt reduction

07 Sep 2011, 6:43 PM

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