The government has decided to establish a special authority to set up a development bank in the Maldives, utilizing the President's constitutional powers in consultation with the Cabinet Ministers.
Sp...
The Maldives cabinet has announced its decision to launch the Maldives International Financial Authority, along with legislation aimed at facilitating the establishment of the Maldives Development Ban...
President Dr. Mohamed Muizzu states that he plans on discussing the establishment of a development bank in the Maldives with his Cabinet.
The Cabinet is set to deliberate on the plan on Sunday.
“There...
Minister of Islamic Affairs, Mohamed Shaheem Ali Saeed, engaged in a productive and interactive discussion today with Mr. Mufaddal Idris Khumri, Managing Director & Chief Executive Officer of Maldives...
H.E. President of the Islamic Development Bank (IsDB), Dr Muhammad Al Jasser paid a courtesy call on H.E. President Dr Mohamed Muizzu today in UAE, on the sidelines of the Twenty-Eighth Session of the...
World Bank has said that the Maldives faces “significant economic risks from rising spending, high debt and external shocks.”
While the projected growth in real GDP is at 6.5% in 2023 and an average o...
Despite speculations that the incoming government of the Maldives will be pro-China, and push out India’s assistance, EXIM Bank is certain that the India-funded developmental projects in the Maldives...
Expressing support to be continued in the current fashion, Deputy Managing Director at EXIM Bank of India to ET Infra N. Ramesh says the projects underway in the Maldives, funded by the bank, will not...
The Maldives Monetary Authority, the country's central bank, announced that since the initiation of bank card issuance by Maldivian banks, a total of 1.2 million cards have been issued. Remarkably, 74...
The Maldives Islamic Bank (MIB) has received the Islamic Finance Forum South Asia (IFFSA)’s award for Islamic Bank of the Year – South Asia 2022-23.
The 8th IFFSA Awards was held on Thursday in Sri La...
