President Dr. Mohamed Muizzu stressed that without government intervention to rescue the economy from a downturn, the Maldives would have been on the brink of bankruptcy. He made the remarks while speaking at a gathering with the residents of Baarah during his visit to Haa Alifu Atoll.
Speaking at the gathering, President Dr. Muizzu underscored the necessity of the measures implemented to bolster economic resilience. He reflected on the strides made in revitalising the economy and reiterated his commitment to fulfilling pledges made to all Maldivian citizens, irrespective of their island. He pledged steps to counteract economic sluggishness and expedite the fulfilment of pledges.
Additionally, President Dr. Muizzu cautioned that without the government's proactive economic policies, the nation would have been close to financial instability. Stressing the importance of increasing foreign investment, he emphasised the collaborative effort required to bolster economic expansion. He also highlighted the confidence of foreign investors and financial institutions.
Furthermore, President Dr. Muizzu also noted that rampant money printing would deter investors, whereas current measures instill confidence in profitability. He lauded the ongoing economic development initiatives, citing successes and affirming the government's dedication to enhancing citizen well-being.