World Bank offers US$30m for risk financing

The instruments were described as “quick disbursing sources.”

World Bank grants US$12m for Maldives public finance management

The finance minister announced plans to publish monthly income and spending data.

Maldives to get US$12 million World Bank package

The package will improve the efficiency of public services and finances, says the World Bank.

Maldives downgraded to ‘fragile state’ by IMF

World Bank sorry for presidential popularity questions

In a statement the global institution said survey staff had been posing questions “beyond the scope” of a data gathering exercise about how people save, borrow, make payments and manage risks in the Maldives.

Quarter of Maldives youth unemployed: World Bank

The employment share of Maldivians in the booming tourism and construction industries – the main drivers of economic growth – is relatively low as both sectors attract many migrant workers.

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.

Tax authority reports fall in revenues for April

Tax receipts fell 19.9 percent below forecasts in April, the Maldives Inland Revenue Authority has said. Some MVR887.3million (US$57.5million) was collected last month.

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.

No money for the folks back home

Why a government plan to levy a three percent tax on migrant worker remittances has drawn concern among human rights advocates.

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.

US$4.2m project launched for mangroves, coral reef protection

The environment ministry yesterday launched a US$4.2 million Climate Change Adaptation Project to establish eco-tourism facilities to manage protected mangroves and coral reefs in Fuvahmulah and Addu City and generate economic benefits for local communities.

World Bank reiterates concern over unsustainable spending

Maldivian Youth “disenfranchised and excluded”, finds World Bank report

Environment minister meets World Bank mission

Finance minister fears spiralling deficit will leave civil servants without pay

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

MDP to sue former President Waheed for defamation, damages over GMR airport deal cancellation

World Bank predicts positive outlook for Maldivian economy in 2014

Expansion of economic activity in first quarter driven by tourism sector growth: MMA