Maldives President Dr. Mohamed Muizzu has affirmed that Maldivians will witness sustainable development in the medium and long term, supported by a firm foundation.
He made the remarks in an exclusive interview with SanguTV on Friday.
In the interview, President Muizzu said the government would bolster the Maldives’ economy and highlighted the various initiatives implemented by the state in this regard.
President Muizzu said the government is focused on strengthening the economy is making substantial progress with a solid foundation. He emphasized that “printing money is an option”.
The government has also begun implementing legal and systemic reforms to increase the US dollar supply, which will improve the country’s official reserves. The president also highlighted that financial support for workers, companies, and small and medium enterprises will continue over the next few months, with a target to disburse all pending payments by the end of November.
President Muizzu also indicated that billions of Rufiyaa have been allocated to support local fishers and to develop factories to expand the fisheries sector, contributing to the economic recovery. He also highlighted that the Velana International Airport’s (VIA) expansion and development initiative has entered into its final stages of completion.
Besides this, the president announced that additional resorts are in development, with several initiatives in the pipeline intended to launch additional major projects.
He further noted the contributions from China and India towards the Maldives’ financial and economic stability by creating various opportunities, and announced that a major project is being planned with Chinese grants to address the road infrastructure issues in Male’ City.