World Bank
25 articles
Latest
NewsFormer official warns USD could hit MVR 30
Former official Ahmed Zuhoor warns the US dollar could hit MVR 30 if the Maldives government fails to curb wasteful spending. To resolve the foreign currency crisis, he recommends slashing the state budget by 40 percent. Zuhoor blames the ongoing shortage on the irresponsibility of successive governments and current fiscal policies.
BusinessADB approves USD 50 million loan for Maldives' oil imports
The ADB approved a $50 million emergency loan to help the Maldives import diesel for essential services like electricity and water. This funding addresses rising fuel costs and foreign exchange shortages caused by regional conflict. It follows a similar $40 million loan from the World Bank to ensure the country's energy security.
Business
Govt takes USD 80 million in loans for fuel imports and harbors
News
Kulhudhuffushi contractor asked to fix excavated roads
News
USD 100mn loan to cover costs due to rising oil prices
News
"Maldives failed to get USD 33.7 million from the World Bank"
Business
"Major risks remain despite temporary improvements"
News
World Bank raises GDP forecast amid tourism surge
News
Thimaaveshi boat in need of repairs again
Business
Outstanding debt this year reaches USD 1 billion
Business
World Bank appoints new Country Director for Maldives region
Business
"Fiscal reforms will begin at the best time"
Business
"Fiscal reform agenda necessary for sustainable growth"
Business
“Guesthouses not to blame for GDP decline”
News
Four years wasted from 12 years of schooling: study
News
World Bank and IMF accept govt policy: Muizzu
Business
World Bank concerned over Maldives economy
Business
South Asia's growth not fast enough for development
Business
No choice but belt tightening, World Bank advises
Business