Audit: Maldives faces heightened exchange rate risks

2 days ago

The government is facing significant challenges in security external financing, which is likely to elevate exchange rate risks, warns the Auditor General’s Office (AGO). International financial institutions have been urging the Maldives for years to implement urgent fiscal consolidation measures in order to deal with the country’s alarming debt. The AGO’s report on its review of the Medium-Term Debt Strategy (MTDS) 2025-2027,