The Mohamed Muizzu administration cancelled its contract with US investment banking firm Centerview Partners, which had been paid a monthly retainer of US$55,000 as debt advisors. The Maldives' public and publicly guaranteed debt stood at US$8.2 billion, 118 percent of GDP, amid rating downgrades, an exhausted foreign reserve, an Indian loan rollover and currency swap lines agreed with the Reserve Bank of India.
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.
The administration has decided to take various measures to reduce recurrent expenditure, including reducing the number of political posts and reducing expenditure on, or eliminating altogether, expenses towards commemorating various occasi…
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appointed as debt advisors to the administration at a monthly retainer of US$55,000—close to MVR 845,000—it has been reported by local media sources.
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The Maldives' public and publicly guaranteed debt stood at US$8.2 billion in the first quarter of the year—118 percent of the nation's GDP—with debt mostly owed to India and China.
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The Maldives' public and publicly guaranteed debt stood at US$8.2 billion in the first quarter of the year—118 percent of the nation's GDP—with debt mostly owed to India and China.
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the government of India rolled over a US$50 million payment owed in September 2024 to 2025.
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on currency swap lines of US$400 million and INR 30 billion (US$357 million) via the Maldives Monetary Authority (MMA).
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on currency swap lines of US$400 million and INR 30 billion (US$357 million) via the Maldives Monetary Authority (MMA).
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The Mohamed Muizzu administration, in yet another reversal, has cancelled its contract with US independent investment banking firm Centerview Partners, local media sources say.
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Reuters, citing two reliable sources, had confirmed the selection earlier this month — the reason for the abrupt termination has similarly not been made public.
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