Public Debt


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


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


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


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


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
Public debt to reach MVR31 billion by end of 2014, reveals finance minister
04 Nov 2014, 5:00 PM
World Bank provides US$6.5 million grant for public financial management system
17 Jul 2014, 4:36 PM
MDP will not respect separation of powers, says President Yameen
15 Feb 2014, 3:46 PM
President ratifies fiscal responsibility bill to limit govt spending and public debt
07 May 2013, 4:10 PM
Proposed budget faces cross-party criticism
09 Dec 2012, 5:41 PM
Cabinet discuss debt reduction
07 Sep 2011, 6:43 PM