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Item 2016-2012 ތަރައްޤީގެ ޕްލޭން(ތިލަދުންމަތީ އުތުރުބުރީ އަތޮޅު ކައުންސިލް އިދާރާ, [2012]) ތިލަދުންމަތީ އުތުރުބުރީ އަތޮޅު ކައުންސިލް އިދާރާ; Thiladhunmathi Uthuruburee Atholhu Council IdhaaraaItem 2023 އެމްޕްލޯއިމަންޓް އޮޑިޓް ރިޕޯޓް(ސިވިލް ސަރވިސް ކޮމިޝަން, 2023) ސިވިލް ސަރވިސް ކޮމިޝަން; Civil Service CommissionItem 5 އަހަރު(މޯލްޑިވްސް އިންލަންޑް ރެވެނިއު އޮތޯރިޓީ, 2015-08-02) މޯލްޑިވްސް އިންލަންޑް ރެވެނިއު އޮތޯރިޓީ; Maldives Inland Revenue AuthorityItem Annual Financial Statements(Maldives Monetary Authority, 2023) Maldives Monetary AuthorityItem Annual report(Maldives Tourism Development Coporation މޯލްޑިވްސް ޓުއަރިޒަމް ޑިވެލޮޕްމެންޓް ކޯޕަރޭޝަން, 2023) Maldives Tourism Development CoporationItem Annual report 2023 Maldives Inland Revenue Authority(Maldives Inland Revenue Authority, 2024) Maldives Inland Revenue Authority; މޯލްޑިވްސް އިންލެންޑް ރެވެނިއު އޮތޯރިޓީItem Annual report 2006 Maldives Monetary Authority(Maldives Monetary Authority, 2007) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Annual report 2015 Maldives Monetary Authority(Maldives Monetary Authority, 2016) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Annual report 2019 : Maldives Monetary Authority(Maldives Monetary Authority, 2020) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Annual report 2022(Maldives Inland Revenue Authority , 2023) Maldives Inland Revenue Authority; މޯލްޑިވްސް އިންލަންޑް ރެވެނިއު އޮތޯރިޓީThis report details the revenue performance of MIRA during 2022 and administrative activities carried out by MIRA during the year to govern the tax system of the Maldives.Item Annual report 2023(Maldives Monetary Authority, 2024) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Annual report 2024(Maldives Monetary Authority, 2025) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީThe Maldivian economy continued to strive in 2024 amidst a challenging global environment marked by persistent geopolitical tensions and tightened financial conditions across major economies. Accordingly, the domestic economy is estimated to have expanded by 5.1%, an acceleration from the 4.7% observed in 2023. Despite the headwinds, the Maldivian economy demonstrated resilience and adaptability, driven by the growth from the tourism sector and sectors related to the tourism sector, including the transportation and communication sector and wholesale and retail trade sector. Meanwhile, the fisheries and construction sector remained subdued. As for inflation in the domestic economy, the average rate of inflation decelerated to 1.4% in 2024 compared to the previous year, owing to downward inflationary pressures from prices of information and communications services as well as prices of energy-related services. However, downward inflationary pressures were partly offset by the higher prices of food items and tobacco, together with the increased cost of services of restaurants and cafés. In 2024, the current account deficit narrowed slightly, owing to the significant improvement in the services account, driven by the growth in the tourism sector and increase in travel receipts. However, the merchandise trade deficit widened, reflecting increased imports and decline in exports of goods. Meanwhile, the net inflows from financial account mainly comprised inflows from FDIs and other investments. Overall, the balance of payments recorded a surplus in 2024, while gross international reserves recorded a slight increment, primarily owing to US$400 million swap obtained from Reserve Bank of India (RBI) in October 2024. According to the growth forecasts estimated jointly by the MMA and the Ministry of Finance and Planning in October 2024, real GDP is projected to grow by 6.4% in 2025, driven primarily by an uptick in real activity in the tourism sector. The risks to the growth outlook for 2025 remain mixed but tilted to the downside, with delayed fiscal reforms, global trade tensions and commodity price volatility, particularly fuel and food. On the upside, operationalisation of the new passenger terminal of Velana International Airport could boost tourism activity and economic growth. Looking into inflationary pressures, domestic policy adjustments and expenditure consolidation measures could exert upward pressure on domestic prices. Further, geopolitical tensions and supply chain disruptions may also drive higher import prices. In 2024, the MMA continued to adopt an accommodative monetary policy to maintain price stability and support sustained economic growth, while mitigating pressures in the foreign exchange market. To strengthen the regulatory framework, Regulation on Foreign Currency was brought into effect on 1 October 2024, superseding the longstanding Monetary Regulation of 1987, and was later repealed with the enactment of the Foreign Currency Act. Further efforts to ease the US dollar shortage were sustained through continued intervention in the foreign exchange market. Despite the postpandemic improvements in foreign currency liquidity, the banking system observed a reduction in foreign currency liquidity during the year. To alleviate the shortage, the MMA lowered the foreign currency minimum reserve requirement (MRR) from 10.0% to 7.5% effective 24 October 2024. The financial sector continues to demonstrate resilience reflected by the ongoing efforts of the MMA to uphold a stable and robust financial system. Commercial banks, which hold over 90% of the sector’s assets, contributed to the sector’s strength and remained well-capitalized, demonstrating resilience through asset growth, robust capital strength and high profitability indicators. The sector also indicated a stable level of non-performing loans (NPLs) and liquidity buffers at prudent levels. The performance of other financial institutions also remained stable, with finance companies remaining well capitalized and the general insurance sector recording strong growth and sound capitalization, supported by an increase in gross written premiums (GWP). In line with efforts to strengthen the legal framework of the foreign exchange market and support financial sector stability, the Regulation on Money Changing Business was issued on October 1, 2024. The MMA continued its efforts to enhance the development of the financial sector by promoting financial inclusion, strengthening consumer protection and modernizing financial infrastructure. As such, MMA spearheaded the formulation of National Financial Inclusion Strategy (NFIS), with preparations underway for the official launch in 2025. Throughout the year, the MMA prioritized advancing the growth and development of Islamic finance in the Maldives through targeted policy initiatives. The MMA also inaugurated its first Research Conference and the Joint Research Workshop in collaboration with Asia-Pacific Applied Economics Association (APAEA) and Asian Development Bank Institute (ADBI) during the year. The aim of both the conference and workshop was to foster dialogue between policymakers, industry experts and academics, while promoting research collaborations between the MMA and external researchers on topics relevant to the MMA. During the conference, the MMA Research Fund was launched, establishing an initial allocation of MVR1.0 million, with the aim of promoting research culture. Recognizing the critical role of human capital in advancing the financial system and institutional progress, the MMA remained steadfast in its effort to attract, develop and retain a highly skilled taskforce. And as part of this commitment, three staff members were given the opportunity to pursue postgraduate studies in the fields of Cybersecurity Management, Forensic Accounting and Accounting and Data Analytics. Further, employees participated in various short-term trainings aimed at enhancing professional competencies across key areas. The MMA also continued to support staff members by extending financial benefits, which included short-term loan through initiatives such as staff loan schemes. The Maldivian economy remained on a steady path of recovery during the year, despite ongoing global and domestic uncertainties. Against this backdrop, the MMA continued to uphold its mandate of price stability and fostering inclusive, stable, and sustainable economic growth.Item Annual report and financial Statements 2008(Monetary Authority, 2009) Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Annual report and financial Statements 2012(Monetary Authority Maldives, 2012) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Blue economy development framework for Indonesia’s economic transformation(Ministry of National Development Planning/National Development Planning Agency (BAPPENAS), 2021) Pane, Deasy Damayanti Putri; Tortora, Piera; Anindito, Istasius Angger; Setyawati; Pertamawati, Lelly Hasni; Wikapuspita, Thaliya; Ardana, Adhitya Kusuma; Manullang, Raja Aldo; Mulyaningsih, Dwi; Renata Abdullah, Rega; Ashari, Afaf Setia; Munthe, Rizal Putra; Harianto, Samuel Kharis; Surya, Imron Rosadi; Rafi, Muhammad Abdurrachman; Yudhistira, Emhaka; Artika, Kholifatin; Nurhaditia, Fajar; Suharyana, Agung; Rachmanto, Utomo NoorItem Code of corporate governance for state owned enterprises(Privatization and Corporatization Board, Ministry of Finance, 2019-05-01) Privatization and Corporatization Board, Ministry of Finance; ޕްރައިވެޓައިޒޭޝަން އެންޑް ކޯޕަރޭޓައިޒޭޝަން ބޯޑު، މިނިސްޓްރީ އޮފް ފިނޭންސްItem Consolidated financial statement of the Government of the Maldives : financial year 2021(Auditor General's Office, 2022-12-01) Auditor General's Office; އޮޑިޓަރ ޖެނެރަލްސް އޮފީސްThe purpose of this report is to express an opinion on the Consolidated Financial Statements (CFS) of the Government of Maldives for the financial year ended 31 December 2021, pursuant to the Audit Act (Law No. 4/2007), and to express an opinion on whether the Government has spent funds out of the annual budget approved by the People’s Majlis for the achievement of its objectives and the purposes intended in the budget and within the limits set therein, and whether it has complied with public finance legislation in conducting financial operations of the Government. It also aims to present to the Minister of Finance (the Minister) the issues observed in the audit and the recommendations thereof, pursuant to Section 39 of the Public Finance Act (PFA) (Law No. 3/2006), and to submit these issues and recommendations to the President and the People’s Majlis, pursuant to Article 213 of the Constitution. This report will also be placed on the Auditor General’s Office (AGO) website: www.audit.gov.mv. The report is made up of three sections. Section one comprises our opinion on the CFS; section two presents our opinion on compliance with the PFA, the Public Finance Regulation (PFR), and the parliamentary authorities in spending out of the budget approved for the Government; and section three comprises an analysis of financial highlights for the CFS 2021.Item Currencies and coins of Maldives(Location Maldives, 2012) Location MaldivesItem A decade of reform : women business and the law 2019(International Bank for Reconstruction and Development, 2019-02-27) World Bank GroupItem Development of inclusive insurance and risk financing : diagnostic study : the Maldives(United Nations Development Programme, 2023-02-01) United Nations Development Programme; ޔުނައިޓެޑް ނޭޝަންސް ޑިވެލޮޕްމެންޓް ޕްރޮގްރާމް; Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Developments in the construction sector of Maldives(Maldives Monetary Authority, 2013-09) Rashfa, Mariyam; މަރްޔަމް ރަޝްފާItem Discussion paper : achieving debt sustainability and the MDGS in small island developing states : the case of the Maldives(United Nations Development Programme, 2010-12-20) United Nations Development Programme; ޔުނައިޓެޑް ނޭޝަންސް ޑިވެލޮޕްމަންޓް ޕްރޮގްރާމްThis UNDP Discussion Paper examines the public debt situation in the Maldives. It is one of four case studies on debt in small island developing states carried out by UNDP in 2010 in the framework of the project entitled: ‘Achieving Debt Sustainability and the MDGs in Small Island Developing States.’ The initiative looks at the problem of high levels of public debt in many small island developing states (SIDS) and the possible impacts on governments’ efforts to reduce poverty and increase economic growth. The other countries covered by this initiative are: Grenada, St. Kitts and Nevis and Tonga. The case studies are accompanied by a further discussion paper which provides an overview of the problem of debt in many small island economies as well as presents a range of policy options to deal more effectively with the growing problem. The Maldives has experienced rapid public and private debt accumulation over the last six years. As a percent of GDP, public debt levels have almost doubled from 55 percent in 2004 to approximately 97 percent in 2010. Public debt service as a percent of government revenues will more than double between 2006 and 2010 from under 15 percent to over 30 percent. The IMF recently classified the country as ‘at high risk’ of debt distress. From a human development perspective, the extent to which increased debt service obligations may put at risk key social and infrastructure expenditures give serious cause for concern. The Maldives has made excellent progress towards many of the Millennium Development Goals and is South Asia’s only MDG-plus country. Nevertheless, important challenges remain with respect to several MDGs which include gender empowerment and environmental sustainability. Rapid debt accumulation in the Maldives is the result of short-term economic ‘shocks’ combined with longer-term ‘structural’ factors. Short-term causes include the Indian Ocean tsunami of December 2004, a large expansion in public expenditures between 2004 and 2008 and the recent concurrent food-fuel-financial crises. Long-term causes include structural weaknesses associated with the country’s geographical characteristics and a narrow tax and revenue base. Arguably the country is about to experience its fourth economic ‘shock’ in the form of its imminent graduation from Least Developed Country (LDC) status in January 2011 which will entail the loss of several trade related concessions. The sharp increase in debt can be attributed predominantly to the increase in domestic debt. Domestic debt as a percent of GDP has increased from just 15 percent in 2004 to an estimated 55 percent by 2010. Debt service on domestic debt has also increased significantly over the last couple of years and is expected to rise further still. The domestic debt market has developed quickly in the Maldives and the government is now issuing USD denominated bonds on the domestic financial market. One important consequence of the government’s reliance on bond finance is that major national banks have shifted a large portion of their assets to government securities. Increased government borrowing is now crowding out bank credit to the private sector with implications, in turn, on output and employment. External debt levels in the Maldives have remained relatively stable as a proportion of GDP since 2004 at around 40 percent Multilateral lenders account for 59 percent of external debt, bilateral lenders for 23 percent and private lenders for 17 percent. Most official sector debt is on concessional terms due to the ‘small island exception’ extended by several multilateral financial institutions. However, overall the proportion of official debt on concessional terms has declined steadily over the last decade. In 2000, over 78 percent of the government’s public external debt burden was on concessional terms.Item Doing business 2013 : smarter regulations for small and medium size enterprises(ވޯލްޑު ބޭންކު, 2013) World BankItem Doing business 2015 : going beyond efficiency : comparing business regulation domestic firms in 189 economics(World Bank, 2015) World Bank; ވޯލްޑު ބޭންކުItem Doing business 2016 : measuring regulatory quality and efficiency : economic profile 2016 Maldives(World Bank, 2016) World BankItem Doing business 2017 : equal opportunities for all : economic profile 2017 : Maldives(World Bank, 2017) World BankItem Doing business 2017 : equal opportunity for all : economic profile 2019 Maldives(World Bank, 2017) World BankItem Doing business 2018 : reforming to create jobs(World Bank, 2018) World BankItem Doing business 2019 : training for reform(ވޯލްޑު ބޭންކު, 2019) World BankItem Doing business 2020 : comparing business regulation in 190 economies : economy profile of Maldives(World Bank, 2019-10-24) World Bank Group; ވޯރލްޑް ބޭންކް ގްރޫޕްDoing business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. Doing business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies - from Afghanistan to Zimbabwe - and over time. Regulations affecting 12 areas of the life of a business are covered: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, employing workers, and contracting with the government. The employing workers and contracting with the government indicator sets are not included in this year’s ranking on the ease of doing business. Data in doing business 2020 are current as of May 1, 2019. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where, and why. This economy profile presents indicators for Maldives; for 2020, Maldives ranks 147.Item Economic update April 2020 volume 2, issue 4(Maldives Monetary Authority, 2020-04) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : April 2021 : volume 3, issue 4(Maldives Monetary Authority, 2021-04) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : April 2022 : volume 4, issue 4(Maldives Monetary Authority, 2022-04) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : April 2023 : volume 5, issue 04(Maldives Monetary Authority މޯލްޑިވްސް މޮނެޓެރީ އޮތޯރިޓީ, 2023-05) Maldives Monetary Authority; މޯލްޑިވްސް މޮނެޓެރީ އޮތޯރިޓީEconomic Update is a monthly publication produced by the Research Division of MMA presenting a quick overview of current developments in the Maldivian economy. It also includes a chart pack of global economic and financial indicators. The Economic Update will be posted on MMA’s website at the end of each month. This Economic Update is based on the latest available data as at 30 April 2023.Item Economic update : April 2024 : volume 6, issue 4(Maldives Monetary Authority, 2024-04-30) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : April 2024 : volume 6, issue 4(Maldives Monetary Authority, 2024) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : April 2025 : volume 7, issue 4(Maldives Monetary Authority، މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީ, 2025-04-29) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : april 2026(Maldives Monetary Authority, 2026) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީEconomic Update is a monthly publication produced by the Centre for Central Banking Research of MMA presenting a quick overview of current developments in the Maldivian economy. It also includes a chart pack of global economic and financial indicators. The Economic Update will be posted on MMA’s website at the end of each month. This Economic Update is based on the latest available data as at 28 April 2026.Item Economic update : August 2021 : volume 3, issue 8(Maldives Monetary Authority, 2021-08) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީItem Economic update : August 2022 : volume 4, issue 8(Maldives Monetary Authority, 2022) Maldives Monetary Authority; މޯލްޑިވްސް މަނިޓަރީ އޮތޯރިޓީ