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Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
Minister of Finance Mohamed Shafeeq said the government is ready to implement fiscal reforms, beginning with state-owned enterprises, and to reform the Aasandha scheme and subsidy system into targeted subsidies. Discussing the World Bank's 'Scaling Back and Rebuilding Buffers' report, he said the Maldives' debt-to-GDP ratio of 122.9 percent is a significant concern, while the World Bank forecasts 4.7 percent economic growth this year.
Sources1carried itMR1 of 19 news outlets we monitor
Figures3as written, with their sentences
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
Mon 20 MayThe World Bank's 'Scaling Back and Rebuilding Buffers' report on the Maldives was launched at an event attended by Mohamed Shafeeq.Malé20 May 2024only Maldives RepublicFormer Finance Minister Mohamed Shafeeq speaks at an event held in Malé on 20 May 2024 to launch the World Bank's 'Scaling Back and Rebuilding Buffers' report on the Maldives.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
We have no choice but to take measures due to the fragility of our financial situation and debt management. We are ready to do that
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
122.9 percentdebt to GDP ratioMaldives RepublicThe Maldives' debt to GDP ratio of 122.9 percent is a significant concern according to the international financial institution
Word for word from the report in Maldives Republic. Open the report
MVR 600 millionsubsidy allocation in 2024 budgetMaldives RepublicThe 2024 budget has allocated MVR 600 million to provide subsidies to those most in need
Word for word from the report in Maldives Republic. Open the report
4.7 percentforecast economic growthMaldives RepublicThe World Bank forecasts the Maldives' economy will grow by 4.7 percent this year
Word for word from the report in Maldives Republic. Open the report
