Finance Minister - Latest Stories

Ministers summoned over US military agreement

Parliamentary Executive Oversight Committee Tuesday summoned three ministers over a proposed military agreement between the Maldives and the United States.

June 04, 2013
Supplementary budget almost MVR2 billion

The supplementary budget to be presented to the parliament for approval is almost MVR2 billion, finance ministry said Wednesday.

May 29, 2013
Budget can cover project with UN agency: FM

The Maldives' annual budget includes funds for the project with a UN agency to procure pharmaceuticals and other medical equipment for state-run hospitals, finance minister Abdulla Jihad said today.

May 27, 2013
"Hard to allot funds from development budget"

It will be extremely difficult to facilitate the request made by the government to allocate MVR650 million for recurrent expenses out of the budget set aside for infrastructural development, Progressive Party of Maldives (PPM) presidential candidate Abdulla Yamin said Monday.

April 30, 2013
Stifling finances will disrupt services: Prez

Stifling finances would make the efforts to provide basic services to the people extremely difficult, President Dr Mohamed Waheed Hassan Manik said Monday.

April 29, 2013
Committee to probe State account freeze

Parliament's Finance Committee on Monday has been asked to probe and verify information that Maldives Monetary Authority (MMA) had frozen the State account.

April 22, 2013
Maldives still has debt remaining to India

The USD100 million repaid recently by the Maldives government to India only relate to the rolling credit given through the purchase of treasury bonds and not the entire credit from India, Indian High Commission in Male said Sunday.

March 02, 2013 4 comments
Tightening monetary policy won't be effective

Tightening the monetary policy in a country with a fragile economy such as the Maldives would not be possible and such a move will not have the desired effect, Finance Minister Abdulla Jihad said Wednesday.

February 06, 2013 2 comments
"Financial constraints won't affect election"

Financial constraints will not impede the holding of the presidential election, Finance Minister Abdulla Jihad assured on Monday.

February 04, 2013
Another USD50 million to India due next month

Maldives government has to pay USD50 million to India from the State reserve next month, Finance Minister Abdulla Jihad said Saturday.

January 27, 2013