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Maldives Dangerously Low on Useable Reserves, According to MMA Communique
The Maldives Monetary Authority reportedly projected in a communique to the Ministry of Finance that the country's usable foreign reserves would be exhausted by the end of August, with usable reserves at US$21.97 million as of 24 July. The Maldives needs about US$70 million a month for essential imports and about US$508 million to meet foreign debt obligations this year, while Fitch Ratings downgraded the country's rating two months ago.
Sources1carried itMR1 of 19 news outlets we monitor
Figures7as 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
Maldives Dangerously Low on Useable Reserves, According to MMA Communique
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$365.44 millionofficial reservesMaldives Republicthe document reportedly states that, as of 24 July, the official reserves stood at US$365.44 million, with useable reserves at US$21.97 million
Word for word from the report in Maldives Republic. Open the report
US$21.97 millionusable reservesMaldives Republicas of 24 July, the official reserves stood at US$365.44 million, with useable reserves at US$21.97 million
Word for word from the report in Maldives Republic. Open the report
US$70 millionmonthly import requirementMaldives RepublicThe Maldives requires approximately US$70 million a month to import essential commodities such as fuel, medicine, and staples
Word for word from the report in Maldives Republic. Open the report
Earlier reports gaveapproximately US$70 million a month2 Aug, 14:15Maldives Republic
US$508 millionforeign debt obligationsMaldives RepublicThe Maldives will need approximately US$508 million to meet foreign debt obligations this year.
Word for word from the report in Maldives Republic. Open the report
Other events named
no clear day, as worded
Fitch Ratings downgraded the Maldives' rating from a 'B-' to 'CCC+'two months agoMaldives RepublicFitch Ratings, two months ago, downgraded the Maldives' rating from a 'B-' to 'CCC +' as the country's official reserves continued to fall in record levels.
Word for word from the report in Maldives Republic. Open the report
The MMA sent a communique to the Ministry of Finance expressing concern over the depletion of usable reserveslate last monthMaldives RepublicA communique, currently circulating in local media, sent by the MMA to the Ministry of Finance late last month expressed concern over the complete depletion of the country's usable reserves.
Word for word from the report in Maldives Republic. Open the report
