The solution to revive Maldives' economy is to scale back and find ways to cut costs, said World Bank's Country Economist and Resident Coordinator for Maldives Erdam Atas as he concluded his presentat...
A large portion of the state's budget deficit last year was supplemented by central bank Maldives Monetary Authority (MMA), while 30 percent of the banking sector is being used for government's needs,...
President Dr Mohamed Muizzu has established the Development Bank of Maldives Limited on Thursday.
The Development Bank of Maldives is a state owned establishment, 100 percent of which is held by the M...
President Dr. Mohamed Muizzu has announced the formation of the Development Bank of Maldives Limited, a new state-owned entity entirely held by the Government of the Maldives. This establishment, crea...
President Dr. Mohamed Muizzu, on Thursday, incepted a state-owned establishment designated as Development Bank of Maldives Limited.
The state-owned company, where the government holds 100 percent sha...
Today, President Dr Mohamed Muizzu has formed a state-owned establishment designated as Development Bank of Maldives Limited 100% of which is held by the Government of Maldives. This state-owned entit...
Minister of Economic Development and Trade Mohamed Saeed, has said that the Maldives' first development bank, aimed at providing financing for major projects, will be launched in July.
Speaking at a c...
Minister of Economic Development and Trade Mohamed Saeed on Sunday said, the Development Bank will become operational in July 2024.
Development banks are financial institutions with the focus of intr...
World Bank has projected that inflation in the Maldives will rise to 7.5 percent in 2024.
The body cites planned subsidy reforms for the year, and their spillover effects, as the main cause for this i...
Maldives' current balance in its Soveregin Development Fund (SDF) is insufficient to repay the country's debt, revealed World Bank on Wednesday.
The revelation was made in its publication dubbed 'Mald...
