'Urgent steps needed to restore investor confidence'

3 weeks ago

The government needs to implement urgent measures to restore investor confidence, says Ibrahim Ameer, the country’s former finance minister. The appeal comes after Moody’s downgraded Maldives’ credit rating from ‘CAA1’ to ‘CAA2’ last week, citing an increased risk of default on its external debt obligations. The country has an external debt service obligation of about USD 600 million in 2025 and