President Dr. Mohamed Muizzu has stated that the economy is expected to grow by 6.4 percent this year.
In his address to the opening session of the People's Majlis today, Muizzu spoke about the country's economic situation.
He mentioned the economic activities to be carried out during the year and the changes that will be brought to the economy.
"The Maldives economy is projected to grow by 6.4 percent..." Muizzu said.
He further said official reserves stood at USD 673.2 million at the end of last year which is 14 percent more compared to the previous year.
"The optimistic estimate is that the state's official reserves will hopefully increase to USD 705.1 million by the end of 2025," he said.
