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Central Bank Projects National Reserves to Rise to US$605.7 Million by End of 2024
The Maldives Monetary Authority's Quarterly Economic Bulletin projects official reserves to rise to US$605.7 million by the end of 2024, up from US$590.5 million at the end of 2023. Reserves fell 29 percent year-on-year in the first quarter to US$541.8 million, attributed mainly to repayment of a US$100 million State Bank of India loan, while MMA cited tourism growth and increased Sovereign Development Fund deposits as signs of improving stability.
Sources1carried itMR1 of 19 news outlets we monitor
Figures5as 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.
How the reporting differs
one source so far
Maldives RepublicNews outlet
Central Bank Projects National Reserves to Rise to US$605.7 Million by End of 2024
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
US$590.5 millionOfficial reserves at end of 2023Maldives RepublicAccording to the report, the Maldives’ official reserves stood at US$590.5 million at the end of last year.
Word for word from the report in Maldives Republic. Open the report
US$605.7 millionProjected official reservesMaldives RepublicThe central bank now expects these reserves to rise to US$605.7 million by the end of this year.
Word for word from the report in Maldives Republic. Open the report
29 percentYear-on-year change in official reserves in Q1Maldives RepublicOfficial reserves decreased by 29 percent compared to the same period in 2023, ending the quarter at US$541.8 million.
Word for word from the report in Maldives Republic. Open the report
US$541.8 millionOfficial reserves at end of Q1Maldives RepublicOfficial reserves decreased by 29 percent compared to the same period in 2023, ending the quarter at US$541.8 million.
Word for word from the report in Maldives Republic. Open the report
US$100 millionSBI loan repaidMaldives RepublicThis downturn was primarily attributed to the repayment of a US$100 million loan obtained by the previous administration from the State Bank of India (SBI).
Word for word from the report in Maldives Republic. Open the report
Other events named
no clear day, as worded
The Maldives Monetary Authority published its latest Quarterly Economic Bulletin projecting a rise in official reserves.MaldivesMaldives RepublicThe Maldives Monetary Authority (MMA), in its latest Quarterly Economic Bulletin, has projected an optimistic outlook for the nation’s economy, forecasting a rise in the country’s official reserves for the current year compared to the previous year.
Word for word from the report in Maldives Republic. Open the report
