A recent study from World Bank on the global debt issue identifies that the foreign direct investment in the Maldives has decreased to USD348 million in 2020.
Moreover, this indicates a decline of USD607 million when compared with the annual total of USD956 million in 2019 – pre-Covid.
Furthermore, World Bank attests this decline in foreign direct investment in the Maldives is over the delays of several resort and hotel projects due to the Covid-19 pandemic. The tourism industry of the island nation has always covered the majority of foreign investments in the Maldives.
Apart from the Maldives, foreign direct investments observed significant decline across the world as well owing to the negative impact of the Covid-19 global pandemic.