Tag
Maldives economy
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 President Muizzu Does U-Turn on Maiden State Visit to India
By Ahmed Naish
He agreed to open an Indian consulate and endorsed an India-funded military harbor -- projects he previously opposed as they allegedly threatened Maldivian sovereignty.
The Maldives’ Tightrope Walk: Balancing China-India Relations Amid Mounting Debt
By Eva Abdulla
Amid an intensifying competition for influence, the Maldives’ mounting debt is the most central issue in its relations with both India and China.
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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