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News transparency / finance minister Maldives Impact 6.0/10 3 min read
Finance Minister Refutes Opposition’s Claims Regarding Secrecy of Foreign Loans

Finance Minister Refutes Opposition’s Claims Regarding Secrecy of Foreign Loans

Finance Minister Ibrahim Ameer denied opposition claims about secrecy of foreign loans made by Dr Mohamed Muizzu, the PPM-PNC presidential candidate. Ameer stated that loan information is shared with parliament and the MMA as per law, and is available on the ministry website. He refuted allegations that the government mortgaged schools and drew a MVR 3 billion loan from India, saying no such discussions occurred. Muizzu criticized the government's transparency, suggesting even the MMA governor was unaware of loan terms. He called for a national perspective and warned of 'economic enslavement,' noting that nearly half the country's debt is owed to a particular country, likely India.

Finance Minister Ibrahim Ameer denied opposition claims about secrecy of foreign loans made by Dr Mohamed Muizzu, the PPM-PNC presidential candidate. Ameer stated that loan information is shared with parliament and the MMA as per law, and is available on the ministry website. He refuted allegations that the government mortgaged schools and drew a MVR 3 billion loan from India, saying no such discussions occurred. Muizzu criticized the government's transparency, suggesting even the MMA governor was unaware of loan terms. He called for a national perspective and warned of 'economic enslavement,' noting that nearly half the country's debt is owed to a particular country, likely India.

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Maldives Republic

Published

Sep 23, 2023

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Finance Minister Ibrahim Ameer denied opposition claims about secrecy of foreign loans made by Dr Mohamed Muizzu, the PPM-PNC presidential candidate. Ameer stated that loan information is shared with parliament and the MMA as per law, and is available on the ministry website. He refuted allegations that the government mortgaged schools and drew a MVR 3 billion loan from India, saying no such discussions occurred. Muizzu criticized the government's transparency, suggesting even the MMA governor was unaware of loan terms. He called for a national perspective and warned of 'economic enslavement,' noting that nearly half the country's debt is owed to a particular country, likely India.

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