The Maldivian economy often feels like it is in a state of disarray. Foreign exchange shortages, accumulating debt, fiscal pressures and the soaring cost of living frequently fuel public debates about the country's economic health. But does this point toward a recession?

An issue almost everyone in the Maldives, whether local or foreign, is grappling with is this: where can one obtain US dollars at the official exchange rate of MVR 15.42? While the Maldives Monetary Authority (MMA) continues to report that there has been "No significant change vs. previous months" in the Statistics Database, the reality experienced by individuals and businesses is very different. How does a country that marketed itself as one of the world’s premier luxury tou

The details offered by the Deputy Governor of MMA in his resignation letter to MMA and separately to the President, has lifted the veil...

Ahmed Mohamed & Ibrahim Athif Shakoor On the 29th of August 24, Fitch Ratings downgraded our Long-Term Foreign-Currency Issuer Default...

Ahmed Mohamed The Maldives, highly dependent on tourism, is experiencing a serious financial and economic crisis. As of the end of 2023,...

a personal perspective Ibrahim Athif Shakoor “The farther backward you can look, the farther forward you are likely to see.” – Winston...