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...
The World Bank has revised down its growth forecast for Maldives this year.
According to the new report published by the World Bank, the Maldivian economy is projected to grow by 4.7 percent this year...
The World Bank has warned Maldives of the risks of rising public debt, stressing the urgent need for a comprehensive fiscal adjustment program.
The global financial institute, in its biannual update...
Changing the way food is produced around the world could significantly reduce greenhouse gas emissions by the end of the decade, the World Bank said Monday.
The so-called agrifood industry is responsi...
Bank of Maldives (BML) has received MVR 493 million as net profit in the first quarter of 2024.
As per the first quarterly report released by the bank, the net profit this year shows a MVR 10 million...
The World Bank has released its South Asia Development Update, titled "Jobs for Resilience," forecasting a 4.7% growth for the Maldives' economy this year. This figure is slightly lower than the bank'...
