Gov't confident as Maldives faces USD 1.1B debt in 2026

20 hours ago

Economic Minister Mohamed Saeed says the Maldives’ financial system is stabilizing and investor confidence is beginning to return. In an interview with state broadcaster PSM on Thursday, Saeed said the government inherited a deeply troubled economy when President Dr. Mohamed Muizzu took office. He claimed the financial system was “completely broken,” with high levels of debt and no revenue-related borrowing in