Finance

20 Jun, 2025

India’s Currency Swap Bolsters Reserves, Averts Liquidity Crisis

MALE’, Maldives — In a significant move last October, India extended a $400 million currency swap to the Maldives that has proven critical in stabilizing the country’s foreign exchange reserves, according to

Business·News

21 May, 2024

Maldives’ Sovereign Fund Struggles Offer Cautionary Tale for Developing Economies

Malé, Maldives- The Maldives’ uphill battle to establish a viable sovereign wealth fund offers a cautionary tale about the challenges developing nations face in trying to secure their economic futures amid global

Business·News·Politics

21 Jan, 2024

President Dr. Mohamed Muizzu Formally Establishes the Maldives International Financial Services Authority

President Dr. Mohamed Muizzu officially established the “Maldives International Financial Services Authority” today, marking a pivotal step towards fostering a robust legal framework for both onshore and offshore financing services. This governmental

Academics Fear Curtailed Access to Knowledge as BML Considers Dollar Spending Limits

Dr. Ibrahim Latheef, Dean of Postgraduate Studies and prominent Maldivian academic with Villa College, expressed concern today over the Bank of Maldives’ (BML) recent moves regarding foreign currency spending, fearing it will

12 Feb, 2024

Business·News·Politics

Maldives Ends 2023 with MVR 124 Billion Debt, Reflecting a 115.9% Debt-to-GDP Ratio

Maldives closed the fiscal year of 2023 with a total debt of MVR 124 billion, as revealed by data released by the Ministry of Finance. The figures encompass both domestic and external

05 Feb, 2024

Business·News·Politics

Finance

India’s Currency Swap Bolsters Reserves, Averts Liquidity Crisis

Maldives’ Sovereign Fund Struggles Offer Cautionary Tale for Developing Economies

President Dr. Mohamed Muizzu Formally Establishes the Maldives International Financial Services Authority

Academics Fear Curtailed Access to Knowledge as BML Considers Dollar Spending Limits

Maldives Ends 2023 with MVR 124 Billion Debt, Reflecting a 115.9% Debt-to-GDP Ratio

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