Minister of Finance Ibrahim Ameer on Thursday stated that the Maldives' economic situation is better than previously expected, and there is no concern that the nation will not be able to pay its debts. He made these remarks while speaking at the press conference held at the President’s Office.
The Minister of Finance briefed the media on the economic situation in the Maldives and provided statistics on recent economic developments, state revenue, and medium and long-term plans of the administration.
During the press conference, the Minister also discussed managing the public debt and loan repayment. He also highlighted the reports published by international financial institutions about the Maldives and stated that the country maintained its status in the Fitch Rating report.
Minister Ameer stated that the Maldivian economy has improved since Covid-19 and that the state's revenue is improving, and that the plans to lower the debt in relation to GDP are being achieved. He also noted the administration’s plans for the next year include managing the state budget without depending on foreign grants. He also said that preparations were underway to present the proposed state budget to parliament for next year.
Minister Ameer responded to questions posed by the press regarding the economic situation in the Maldives.
At today’s press conference, Spokesperson at the President’s Office, Miuvaan Mohamed, updated the media on the latest progress of the government’s activities and plans for the coming week. He also said that the Human Rights Commission of the Maldives (HRCM) had taken all necessary measures to address the issues raised by the commission following its visit to the Centre for People with Special Needs in Guraidhoo Island in Kaafu atoll. He also emphasised that the report was published in March and that the status of the centre has since changed.