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Maldives Establishes MIFSA to Introduce Offshore Financial Services

President Mohamed Muizzu has established the Maldives International Financial Services Authority (MIFSA) under the Special Economic Zones Act of 2014 to develop legal frameworks for onshore and offshore financing services. The Ministry of Economic Development and Trade will govern the agency, which will be located at Funadhoo Island across Malé with its fuel storage relocated to Maagirifalhu.

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Sources 1carried it 1 of 19 news outlets we monitor

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

What happened

in order; days are read from the reports' words and dates
  1. Sun 21 Jan
    The President's Office said the fuel storage facility at Funadhoo will be moved to Maagirifalhu.Funadhoo on Sunday only Maldives Republic the authority would be established at Funadhoo Island across Malé with its current fuel storage facility moved elsewhere—the fuel storage will be moved to Maagirifalhu, the President’s Office said on Sunday.

    Word for word from the report in Maldives Republic. Open the report

Who said what

the reports' own quoted words, each once
  • The establishment of the Maldives International Financial Services Authority would enable the formation of offshore and onshore development banks, and international financial centres, and conduct research to seek modern solutions for the l…

    President's Office Maldives Republic Open the report (Maldives Republic)

  • Making the island an international financial centre and opening Funadhoo up to development is part of our vision.

    President Muizzu Maldives Republic Open the report (Maldives Republic)

  • The Maldives International Financial Services Authority will be the first step towards establishing international financial centres in the Maldives.

    President Muizzu Maldives Republic Open the report (Maldives Republic)

  • We will look to create synergy with other opportunities and turn that into an international re-export SEZ.

    President Muizzu Maldives Republic Open the report (Maldives Republic)

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Other events named

no clear day, as worded
  • President Muizzu established the Maldives International Financial Services Authority (MIFSA) under the Special Economic Zones (SEZ) Act of 2014. Maldives Republic President Mohamed Muizzu, under the powers vested in him under the Special Economic Zones (SEZ) Act of 2014, has established the Maldives International Financial Services Authority (MIFSA)

    Word for word from the report in Maldives Republic. Open the report

  • President Muizzu spoke at the inauguration of the third phase of development at Velana International Airport. Velana International Airport (VIA) Maldives Republic Speaking at the inauguration of the third phase of the development at Velana International Airport (VIA), the President said his aim is to establish international financial centres in the Maldives.

    Word for word from the report in Maldives Republic. Open the report

Subjects

sectors and approved topics, alphabetical
Finance & banking

Places

alphabetical
FunadhooMalé

Named in these reports

alphabetical
Maldives Industrial Free Zone CompanyMaldives International Financial Services AuthorityMinistry of Economic Development and TradeMohamed Muizzu PresidentPresident's Office