“If policies are changed the budget deficit would increase and become difficult to finance,” the central bank cautioned in its professional opinion on the 2015 budget.
GMR has lodged a claim worth US$803million for damages caused by the Maldives government’s abrupt and wrongful termination of an airport development contract, and made a plea for award of further damages for loss of reputation.
The Progressive Party of Maldives will rebuild a devastated nation through job opportunities for the youth and a crackdown on violent crime, said President Abdulla Yameen while celebrating one year in office.
“We see that the economy is relatively buoyant,” said the IMF delegation in a statement given to the media today. “However, despite the improvement in the real economy, the fiscal deficit has continued to widen”.
The People’s Majlis yesterday accepted legislation that proposes restricting the constitutional rights to remain silent and retain legal counsel for suspects arrested for violent assault.
Charges were withdrawn in August for further review the Prosecutor General’s Office has said, arguing that the PG is authorised to withdraw charges at any point during a trial until a sentence is issued.
“We assure our beloved members will not leave this party and join another party or take on any position in another party,” a statement on Tuesday said.
Minority Leader Ibrahim Mohamed Solih contended that the current administration has incurred a debt of MVR7 billion in 2014 and spent millions in excess of the budget approved by parliament.
Vote buying in the Maldives had assumed “alarming proportions” and “if not addressed threatens to undermine the democratic process in the country,” IFES said.