Hi, I'm Viyu. Ask me about the stories collected here. I answer only from them, with numbered links to the outlets that published them, and I say so when they do not cover it.
Opinion: Is President Muizzu Leading the Maldives to Economic Ruin?
An opinion article argues that the Maldives is facing an unprecedented economic crisis under President Mohamed Muizzu, citing a downgrade of the country's credit rating to CCC+ by Fitch, a fall in foreign reserves from $748 million to $492 million by May 2024, and debt repayments of $557 million due by 2025 and over $1 billion by 2026. It also criticises government spending on political appointees, a $37 million Turkish drone purchase, and an MoU with ICTSI concerning the main commercial port.
Sources1carried itMR1 of 19 news outlets we monitor
Figures8as 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 outletOpinion
Opinion: Is President Muizzu Leading the Maldives to Economic Ruin?
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
$748 million to $492 millionForeign reservesMaldives RepublicThe nation's foreign reserves have taken a nosedive, plunging from $748 million to $492 million by May 2024.
Word for word from the report in Maldives Republic. Open the report
$557 millionDebt dueMaldives RepublicWith $557 million due by 2025 and over $1 billion by 2026, including a $500 million Sukuk repayment, the fiscal outlook is increasingly bleak.
Word for word from the report in Maldives Republic. Open the report
over $1 billionDebt dueMaldives RepublicWith $557 million due by 2025 and over $1 billion by 2026, including a $500 million Sukuk repayment, the fiscal outlook is increasingly bleak.
Word for word from the report in Maldives Republic. Open the report
$500 millionSukuk repaymentMaldives RepublicWith $557 million due by 2025 and over $1 billion by 2026, including a $500 million Sukuk repayment, the fiscal outlook is increasingly bleak.
Word for word from the report in Maldives Republic. Open the report
over 2,000Political appointeesMaldives RepublicDespite promises to reduce political appointments, over 2,000 appointees continue to burden the government with 86 million MVR in monthly salaries.
Word for word from the report in Maldives Republic. Open the report
86 million MVRMonthly salaries of political appointeesMaldives RepublicDespite promises to reduce political appointments, over 2,000 appointees continue to burden the government with 86 million MVR in monthly salaries.
Word for word from the report in Maldives Republic. Open the report
$37 millionSpending on Turkish dronesMaldives Republicthe government has spent an exorbitant $37 million on Turkish drones, despite widespread criticism of the deal being overpriced and allegations of corruption surrounding it.
Word for word from the report in Maldives Republic. Open the report
25-yearDuration of port arrangement with ICTSIMaldives Republicraising concerns over the potential control of national assets in a 25-year arrangement.
Word for word from the report in Maldives Republic. Open the report
