Lease rent payable by resorts in Maldives for the rest of the year will be deferred for a year, the island nation’s finance ministry announced Sunday....
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Friday that the global economic crisis spurred by the coronavirus could ultimately test the...
The European Investment Bank (EIB) has is lending €20 million ($22.7 million, MVR 351.12 million) to the Maldives to help sustain the Indian Ocean island nation’s...
World Bank is providing $12.8 million to the Maldives to finance an emergency scheme that allows workers facing job and income losses due to the coronavirus...
The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the...
China has agreed to delay debt repayments for the Maldives, as part of the Group of 20 nations debt relief programme. The country has suspended debt...
Tax revenues are expected to see a year-over-year drop of at least 48 per cent this year due to a fall in tourism receipts, the Maldives...
Finance officials in Maldives assured Saturday that the country will not face a dollar shortage despite its economy being battered from the coronavirus pandemic, citing $290...
More than MVR 200.8 million ($13.36 million) have been disbursed under an emergency loan scheme for businesses in Maldives that have been affected by the coronavirus...
Rating agency Moody’s downgraded Maldives credit rating to B3 from B2 on Friday, citing a collapse in the island nation’s tourism receipts due to the global...
