The Maldives Pension Administration Office board approved a MVR 2.4 billion bond transaction on Monday, a day after chairperson Ahmed Inaz resigned over the deal. Former finance ministers and opposition figures warned the arrangement amounts to money creation and risks worsening the country's debt position.
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.
In a post on X on Sunday, Inaz said the transaction structure, involving the Maldives Monetary Authority (MMA), was detrimental to the economy and failed to offer a sustainable response as state finances deteriorate.
Word for word from the report in Maldives Republic. Open the report
illegal money creation
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Maldives Pension Administration Office (MPAO) board approved a controversial MVR 2.4 billion bond transaction on Monday, a day after its chairperson resigned and despite repeated warnings from former finance ministers and opposition figures, according to sources familiar with the decision.
Word for word from the report in Maldives Republic. Open the report
The decision came a day after Ahmed Inaz resigned as chairperson, citing concerns over what he described as “illegal money creation” using pension savings.
Word for word from the report in Maldives Republic. Open the report
