Tag
Maldives austerity measures
Maldives Moves to Hike Tourism Taxes and Tighten Belts
By Ahmed Naish
President Muizzu announced plans to dismiss more than 200 political appointees as part of efforts to reduce government spending but postponed politically difficult subsidy reforms.
Maldives Braces for Austerity to Avert Debt Crisis
By Ahmed Naish
Credit ratings agency Fitch downgraded the Maldives to “junk” status, casting doubt on the country’s ability to meet “substantial upcoming external debt-servicing obligations.”
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