Israel executed baby Sam today with a bullet to the face in the occupied West Bank.
They killed his mother too.
Sam was only 7 months old.
They murdered a mother. And her infant.
Govt suspended all borrowing until Fitch and IMF completed their periodic review this month.
Now that the reviewed rating is out, BML will issue a USD 300 million sukook to address the liquidity issue? And govt will also engage in other direct borrowing as well?
After all this is done, won't we be back to square one?
So, nothing has really changed as far as the fiscal and debt situation is concerned. It's only the usual drama and shallow headlines.
No! One thing will change. Inflation will continue to rise since the pressure on the dollar will continue unabated.
Fears of recession and/or stagflation is still round the corner.
This doesn't look so great when we look at the whole story.
Put more effort into implementing actual fiscal reforms than trying to shift the baseline to make it seem like this was a massive deal.
Interactive Dashboard link below:
https://t.co/kRMIbHv01Y
Maldives had a Fitch rating of B- at the end of 2023 with rating drops to CC in 2024 due to government mismanagement.
The current Fitch rating of CCC- is still three+ tiers below the October 2023 rating when modifiers are considered.
Hardly a positive story, no?
"No, son. I can't take you to school tomorrow. I have to watch the Saudi Arabia 🇸🇦 vs Cape Verde 🇨🇻 game at 5am. I cannot miss that match"
#FIFAWorldCup
.@CorrectionsMv is denying Leevan his medication, blocking funds from his family & holding back his clothes.
they moved him to solitary confinement for unknown reasons and didn’t even tell his lawyers why. where the hell is @hrcmv while all of this is going on?
is HRCM’s mandate only limited to protecting the “aburufulhu” of first family?