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Ministry to establish development bank, financial authority at SME Hub

en.sun.mv/90463
07 Jul 2024

Ministry of Economic Development and Trade has announced the decision to establish a financial authority and development bank in the same building that houses Business Center Corporation (BCC)-run SME...

Motion to dismiss central bank’s chief forwarded to committee for review

en.sun.mv/90368
02 Jul 2024

The no-confidence motion against Ali Hashim, the governor of the Maldives Monetary Authority (MMA), has been forwarded to the Parliament’s Public Accounts Committee for review on Tuesday. A motion to...

Parliament initiates efforts to dismiss Maldives’ central bank chief

en.sun.mv/90347
01 Jul 2024

The Public Accounts Committee has passed a motion counselling the Parliament’s speaker, Abdul Raheem Abdulla, to recommend to President Dr. Mohamed Muizzu to dismiss Ali Hashim, the governor of the Ma...

Maldives Holds Talks with World's Largest Bank in China

themaldivesjournal.com/6...
27 Jun 2024

Economic Minister Mohammed Saeed has held discussions with the Industrial and Commercial Bank of China (ICBC) to seek assistance and cooperation for Maldives. ICBC is the largest bank in China and the...

Expenditure cuts necessary: World Bank Resident Coordinator

en.sun.mv/90274
27 Jun 2024

Maldives requires immediate expenditure cuts to overcome its current economic vulnerabilities, said Erdem Atas the World Bank Country Economist and Resident Coordinator for Maldives. In a statement o...

World Bank announces New Country Director for the Maldivian region

psmnews.mv/en/139262
21 Jun 2024

World Bank has appointed David Sislen as the New Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024. Sislen succeeded Faris Hadad-Zervos, who will be taking on a new...

World Bank announces new Country Director for Maldives, Nepal and Sri Lanka

edition.mv/news/34125
Ameera Osmanagic 20 Jun 2024

World Bank announced David Sisel as its new Country Director for the Maldives, Nepal and Sri Lanka yesterday. The decision will take effect from July 1, 2024, and Sisel will succeed Faris Hadad-Zervos...

World Bank appoints new Country Director to Maldives

en.sun.mv/90168
20 Jun 2024

World Bank has appointed a new Country Director for Maldives, Nepal and Sri Lanka. According to a statement released by the Bank, David Silsen will replace current Country Director Faris Hadad-Zevros...

Maldives requires immediate fiscal reforms to avoid risks: World Bank Country Director

en.sun.mv/90051
12 Jun 2024

The Maldives faces vulnerable fiscal conditions and debt risks owing to sharp spending rise and subsidies widening the deficit, said World Bank Country Director for the Maldives, Nepal, and Sri Lanka...

Bank of Maldives to Open for One Day During Eid Holiday

themaldivesjournal.com/6...
11 Jun 2024

The Bank of Maldives (BML) has announced that it will provide customer services for one day during the forthcoming Eid-ul-Adha holidays. According to a recent post on their social media platform 'X',...

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