MPAO Approves Controversial MVR 2.4 Billion Bond Transaction Amid Resignations, Warnings

The Maldives Pension Administration Office (MPAO) board approved a controversial MVR 2.4 billion bond transaction despite resignations and warnings. Chairperson Ahmed Inaz resigned citing 'illegal money creation' using pension savings. The transaction involves the Maldives Monetary Authority (MMA). Former finance ministers and opposition figures criticized the deal, warning it would undermine investor confidence. Critics say it is indirect money creation to fund government operations.

The Maldives Pension Administration Office (MPAO) board approved a controversial MVR 2.4 billion bond transaction despite resignations and warnings. Chairperson Ahmed Inaz resigned citing 'illegal money creation' using pension savings. The transaction involves the Maldives Monetary Authority (MMA). Former finance ministers and opposition figures criticized the deal, warning it would undermine investor confidence. Critics say it is indirect money creation to fund government operations.

The Maldives Pension Administration Office (MPAO) board approved a controversial MVR 2.4 billion bond transaction despite resignations and warnings. Chairperson Ahmed Inaz resigned citing 'illegal money creation' using pension savings. The transaction involves the Maldives Monetary Authority (MMA). Former finance ministers and opposition figures criticized the deal, warning it would undermine investor confidence. Critics say it is indirect money creation to fund government operations.

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