Deputy Minister at MOHSTL | Board Director at @hdcmaldives |Senator at (PNC).Frmr M Coordinator at Muliaage| Supporter of HEP Dr @MMuizzu ,Twt's r My Own Views
Minister Ali Ihusaan met with representatives of the @MafssiMv to discuss the upcoming Security & Safety Conference 2026, aimed at strengthening safety, security and resilience in the Maldives tourism sector through collaboration and partnership.
Fitch’s upgrade should be seen beyond politics.
For Maldives, a better credit rating means stronger credibility when negotiating with lenders, investors and development partners. It can improve access to financing, reduce risk premiums, and give the country more room to manage future debt responsibly.
This is why the successful repayment of the USD 500 million Sukuk mattered. It was not just one payment. It changed how markets and institutions assess Maldives’ near term risk.
At a time of global uncertainty, Maldives is now better positioned than it was a few months ago.
As I have stated previously, the USD 300 million Sukuk proposed by the Bank of Maldives and guaranteed by the Government of Maldives is neither intended for budget support nor for the cash flow requirements of the Government.
This is a jointly planned initiative of the Government of Maldives and the Bank of Maldives, designed to stimulate tourism-led economic growth, particularly in the northern and southern regions of the country. It is expected to contribute to the expansion of the Government’s revenue base and support the achievement of macro-fiscal targets in the years ahead.
His Excellency President Dr @MMuizzu’s policy is clear: to strengthen fiscal stability and debt sustainability over the medium term through private sector-driven investment and the creation of well-paid jobs. The upgrade of the Maldives’ sovereign credit rating by Fitch demonstrates that the Government’s planned fiscal reforms and economic measures are gaining credibility and international recognition.
President Dr @MMuizzu convenes the seventh press briefing of the year, in line with the Administration's commitment to transparency and direct engagement with the media.