The Maldives Monetary Authority issued a statement after Moody's downgraded the country's credit rating to CAA-2, assuring that all external debt obligations, including an October 2024 bond repayment, will be met. The MMA also projected GDP growth of 4.9% in 2024 and 6.5% in 2025, and reported improved gross international reserves of $444 million in August 2024.
Tracked 10% Tourist arrivals
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.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Maldives Monetary Authority (MMA) has issued a statement following Moody’s downgrade of the country’s credit rating to CAA-2
Word for word from the report in Maldives Republic. Open the report
the MMA projects GDP growth to reach 4.9% in 2024 and further expand to 6.5% in 2025, driven by a robust tourism sector
Word for word from the report in Maldives Republic. Open the report
the MMA projects GDP growth to reach 4.9% in 2024 and further expand to 6.5% in 2025, driven by a robust tourism sector
Word for word from the report in Maldives Republic. Open the report
The statement highlighted a 10% year-on-year increase in tourist arrivals, which reached 1.3 million by the end of August 2024.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave 9 percent 8 Jun, 23:16 Maldives Republic16.3 percent 25 Feb, 21:47 Maldives Republic
The statement highlighted a 10% year-on-year increase in tourist arrivals, which reached 1.3 million by the end of August 2024.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave Approximately 604,000 17 Jun, 12:04 Maldives Republic79,507 tourists 17 May, 14:32 Maldives Republic
Gross international reserves improved in August 2024, rising from $395 million in July to $444 million.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave US$589 million 14 May, 14:09 Maldives Republic
Gross international reserves improved in August 2024, rising from $395 million in July to $444 million.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave US$589 million 14 May, 14:09 Maldives Republic
Net reserves also increased to $61 million by the end of August.
Word for word from the report in Maldives Republic. Open the report
The MMA expects gross international reserves to surpass the $606 million projected in the Government’s Budget 2024, with the inclusion of usable reserves and the Sovereign Development Fund (SDF).
Word for word from the report in Maldives Republic. Open the report
The statement came in response to Moody’s downgrade, which followed a similar rating cut by Fitch in August.
Word for word from the report in Maldives Republic. Open the report
