AdvertisementThe President stated that his administration has now completed repayments amounting to USD 524 million, in addition to managing USD 400 million in currency swaps over the past forty days.
The rating agency noted that the sovereign’s ability to service external debt has improved, buoyed by the repayment of the sukuk and the implementation of revenue‑side reforms, including the recently enacted Foreign Currency Act, which is expected to bolster the government’s capacity to generate foreign‑exchange receipts.
The President described cyberbullying as a global epidemic affecting young children and infants, noting that online grooming has become a particularly dangerous phenomenon. He stressed that as an Islamic nation with a small society, Maldives has a particular responsibility to protect its children.
According to the Ministry of Tourism’s latest statistics, released on Thursday, 122,548 tourists arrived in the country as of Wednesday – a 2.6 percent increase over the same period last year.
The decision eliminates a 20 percent tariff that has long placed Maldivian fishermen at a competitive disadvantage in the British market, where the tropical nation has established itself as the ninth largest exporter of seafood.
