In a BBC interview, President Mohamed Muizzu confirmed the Maldives will not seek an IMF package despite Moody's downgrade of the country's credit rating to CAA-2, pointing instead to a home-grown debt agenda of subsidy, Aasandha, SOE and spending reforms. The administration has also introduced foreign exchange measures, including a mandatory US dollar exchange requirement for tourists routed through local banks.
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.
home-grown agenda
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
visitors to resorts are required to exchange US$500, while visitors to guesthouses must exchange US$25
Word for word from the report in Maldives Republic. Open the report
visitors to resorts are required to exchange US$500, while visitors to guesthouses must exchange US$25
Word for word from the report in Maldives Republic. Open the report
