Minister of Finance Ibrahim Ameer has stated that the administration of President Ibrahim Mohamed Solih’s contribution to national development is immeasurable even when compared to all previous governments combined.
In a tweet, Minister Ameer said the administration saved the country from economic turmoil and commenced infrastructure projects across the country. He also said that the administration implemented policies that benefit the citizens, including the introduction of the free degree programme, pay harmonisation, minimum wage, and the changes to the service charge policy.
International organisations such as the World Bank and the International Monetary Fund (IMF) have noted the strong economic growth of the Maldives since the COVID-19 pandemic. IMF has projected that the Gross Domestic Product (GDP) of the Maldives will grow at 6% in 2023. The agency made the statement in a press release following the conclusion of the IMF Executive Board’s discussion on the report submitted by the staff team that visited the Maldives in 2022.
IMF stated that the economic activity of the Maldives rebounded strongly from the COVID-19 pandemic-induced contraction, supported by the government’s decisive policy measures. It further stated that the recovery is expected to continue in the near term on the back of strong tourism growth and associated spillovers to related sectors such as transportation and trade.