President Muizzu in Opposition Crosshairs Over Economic ‘Bitter Pill’

MDP Chairperson Fayyaz Ismail criticized President Mohamed Muizzu over the deteriorating economy, referencing Deputy Speaker Ahmed Nazim's advice to take a 'bitter pill'. The administration has announced measures to cut state spending. Ismail shared a campaign video where Muizzu blamed the previous MDP-led government for mismanagement and promised to stabilize the economy. Muizzu had said debt monetization is over and friendly sources have greenlit refinancing. However, rating agency Fitch downgraded Maldives' rating from B- to CCC+ due to worsening external financing and liquidity risks.

MDP Chairperson Fayyaz Ismail criticized President Mohamed Muizzu over the deteriorating economy, referencing Deputy Speaker Ahmed Nazim's advice to take a 'bitter pill'. The administration has announced measures to cut state spending. Ismail shared a campaign video where Muizzu blamed the previous MDP-led government for mismanagement and promised to stabilize the economy. Muizzu had said debt monetization is over and friendly sources have greenlit refinancing. However, rating agency Fitch downgraded Maldives' rating from B- to CCC+ due to worsening external financing and liquidity risks.

MDP Chairperson Fayyaz Ismail criticized President Mohamed Muizzu over the deteriorating economy, referencing Deputy Speaker Ahmed Nazim's advice to take a 'bitter pill'. The administration has announced measures to cut state spending. Ismail shared a campaign video where Muizzu blamed the previous MDP-led government for mismanagement and promised to stabilize the economy. Muizzu had said debt monetization is over and friendly sources have greenlit refinancing. However, rating agency Fitch downgraded Maldives' rating from B- to CCC+ due to worsening external financing and liquidity risks.

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