To support critical reforms to state-owned enterprises (SOEs), and to strengthen competitiveness of small and medium enterprises (SMEs) and the fisheries sector in Maldives, Government of Maldives and the World Bank has signed two agreements totalling US$67.8...
To strengthen private participation in and financial sustainability of state-owned enterprises (SOEs) and the mechanisms that support the competitiveness of small and medium enterprises (SMEs) in Maldives, The World Bank’s Board of Executive Directors approved...
World Bank Vice President for South Asia, Martin Raiser, has concluded his four-day visit to the Maldives. On his maiden visit to the Maldives since assuming office in July 2022, Raiser highlighted the challenges of high debt and climate risks facing the cou...
The World Bank has reported that the surge in global commodity prices has put pressure on domestic inflation, the government’s fiscal position and balance of payments in its twice-a-year update. However, it is reported that Maldives' economy is continuing a...
A $9 million initiative to enhance the effectiveness of the Maldives' secondary education system, schools, and teaching and learning outcomes has been approved by the World Bank's Board of Executive Directors. The Maldives has almost completed universal en...
The Government of Maldives and the World Bank today signed two grant agreements totalling US$34 million (MVR524 million) to strengthen pension and safety nets for Maldivian workers and improve their employability, and to leverage digital technologies for devel...
The World Bank's twice-yearly regional assessment, the latest South Asia Economic Focus Reshaping Norms: A New Way Forward has stated that the Maldives economy, buoyed by a strong rebound in tourism, is expected to grow at 7.6 percent in 2022 and fully recover...
