Minister of Finance and Treasury Ahmed Munawar has stated the government will take risks to increase the investments coming to Maldives.
Noting Moody's rated Maldives during previous administrations as well, Finance Minister Munawar stated only President Abdulla Yameen Abdul Gayoom was bold enough to announce the decisions to the public. It proves the president will take risks to enhance the economy, added the finance minister.
Moreover, the minister also slammed comments that government will forever be in debt due to loans, saying the current government has paid back the debt inherited from previous governments. In this regard, the minister revealed the government paid over USD 270 million for Indian-based GMR Group.
The government established a sovereign development fund in 2017 to increase the trust of loan issuers and minimise the burden of loans on future generations.