The MDP said the Muizzu administration's claim that it halted debt monetisation was untrue, arguing the decision was made by the previous Solih administration in November 2022 with the practice to end by 31 December 2023. President Muizzu had said his administration halted the practice and inherited a debt of MVR 120 billion.
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.
The deadline to halt the practice was extended by the MDP-dominated parliament until December 2023 on 23 November 2022.
Word for word from the report in Maldives Republic. Open the report
If you look at the official state documents, the documents of the Ministry of Finance, the decisions of the President’s Office and the decisions of the Parliament, you will see that the MDP administration decided not to continue with debt …
A total of MVR 8 billion was debt monetised in the last five years
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“A total of MVR 8 billion was debt monetised in the last five years,” he had said while sharing with rally attendees, on 16 December on the occasion of Huravee Day, that his administration had halted the practice.
Word for word from the report in Maldives Republic. Open the report
During his visit to Addu last month, President Muizzu reiterated that his administration had halted debt monetisation, going on to say that his administration had inherited a debt of MVR 120 billion when it took office.
Word for word from the report in Maldives Republic. Open the report
The deadline to halt the practice was extended by the MDP-dominated parliament until December 2023 on 23 November 2022.
Word for word from the report in Maldives Republic. Open the report
During his visit to Addu last month, President Muizzu reiterated that his administration had halted debt monetisation, going on to say that his administration had inherited a debt of MVR 120 billion when it took office.
Word for word from the report in Maldives Republic. Open the report
“A total of MVR 8 billion was debt monetised in the last five years,” he had said while sharing with rally attendees, on 16 December on the occasion of Huravee Day, that his administration had halted the practice.
Word for word from the report in Maldives Republic. Open the report
Certain provisions of the Public Expenditure Accountability Act were suspended in April 2020 due to the Covid outbreak, allowing more leeway for the Solih administration to carry out debt monetisation.
Word for word from the report in Maldives Republic. Open the report
