Minister of Finance Ibrahim Ameer has stated that the economic situation of the Maldives is better than previously expected, and there is no concern that the country will not be able to pay its debts. He made the remarks while speaking at the press conference held at the President’s Office.
During the press conference, Minister Ameer discussed managing 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. He briefed the media on the economic situation in the Maldives and provided statistics on recent economic developments, state revenue, and the medium and long-term plans of the administration.
Furthermore, Minister Ameer stated that the 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 the gross domestic product (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.