Latest Analysis
Recent evidence-based commentary on the issues shaping the Maldivian economy, public policy and development.
Beyond Mandatory USD Conversion: Restoring Confidence in the Maldivian Economy
Mandatory dollar conversion has helped ease immediate foreign currency pressures, but shortages persist. Lasting relief will require fiscal discipline, sustainable…
Sovereign Outlook Improves; FX Shortage Persists
Moody’s upgrade signals reduced sovereign default risk for the Maldives, but businesses and households continue to struggle to access US…
Paying Debt Is Not the Same as Solving It
While the Maldives has met some of its biggest external debt obligations of 2026, meeting those obligations has come at…
RasMalé: The $20 Billion Question
RasMalé promises investment on an unprecedented scale. But beyond the headline numbers, the key question is how much economic value…
De-dollarisation in the Maldives: Considerations Before Policy Intervention
Before pursuing policies aimed at reducing the economy’s reliance on the US dollar, it is essential to understand why dollarisation…
Silencing the Signal: The Economic Reality of the Maldives
The Maldives faces rising living costs, persistent foreign-exchange pressures and deeper structural weaknesses in its economy. Restricting discussion of these…