MMA

3 months ago

Maldives Moves Forward with Digital Transformation, but Spending Raises Questions

MALÉ, Maldives — The Maldives government has set the groundwork for an ambitious digital transformation strategy, following a Cabinet decision on Sunday aimed at modernizing the country’s ICT sector and strengthening government

Business

6 months ago

India and Maldives Take Key Step Towards De-dollarization with Local Currency Trade Agreement

Mumbai — In a key step towards de-dollarization, India and the Maldives have signed a Memorandum of Understanding (MoU) to facilitate the use of their local currencies, Indian Rupee (INR) and Maldivian

Business·Leaders·News·Politics

10 months ago

Majlis Approves Ahmed Munawar for Central Bank Governorship

The Majlis has approved Ahmed Munawar for the position of Governor of the Central Bank of the Maldives (MMA), following a unanimous vote by the PNC-majority House. Munawar, currently an advisor to

Ahmed Munawar’s Impactful Tenure as Minister of Finance

Male’ – Ahmed Munawar, the former Minister of Finance, is set to become the new Governor of the Maldives Monetary Authority (MMA). His tenure as Minister of Finance from June 2016 to

10 months ago

Business·Leaders·News

Navigating Digital Payment Hurdles in the Maldives

In this part of South Asia the process of paying for goods and services can feel like a jarring step back in time. There are no swift scans of QR codes or

1 year ago

Business·News

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

1 year ago

Business·News·Politics

Bank of Maldives Eases Financial Strain for Borrowers

In a practical move aimed at assisting borrowers, the Bank of Maldives (BML) has decided to lower overdue interest rates, effective from January 24th, 2024. The reduction, from 2% to 0.5%, signifies

1 year ago

Business·News·Politics·Tourism

MMA

Maldives Moves Forward with Digital Transformation, but Spending Raises Questions

India and Maldives Take Key Step Towards De-dollarization with Local Currency Trade Agreement

Majlis Approves Ahmed Munawar for Central Bank Governorship

Ahmed Munawar’s Impactful Tenure as Minister of Finance

Navigating Digital Payment Hurdles in the Maldives

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

Bank of Maldives Eases Financial Strain for Borrowers

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