Economics

Maldives Banking System Faces Excess Liquidity Crisis with 6.7 Billion Rufiyaa Amid Forex Shortages

  • September 2, 2024

A recent report highlights that the Maldives banking system is grappling with 6.7 billion rufiyaa in excess liquidity, a legacy of money printing during the Covid-19 pandemic. This surplus liquidity is now being converted into loans, which is putting pressure on the country’s currency peg. According to Edition.mv, an online news portal, the Maldives Monetary

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Business

MMA Partners with MTI Consulting for Maldives Green Finance Framework

  • July 31, 2024

The Maldives Monetary Authority (MMA), the central bank of the Maldives, has enlisted MTI Consulting, an international strategy consultancy, to develop a green finance framework. This initiative aims to identify sectors, sub-sectors, and activities that can be considered as green. MTI Consulting will take into account internationally adopted practices such as technical screening and principle-based

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