Saturday 24th Feb 2024
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President Dr.Muizzu

IMF Praises President's Policies, Hopes for Economic Recovery with Reforms

The International Monetary Fund (IMF) has praised the economic policies of the President, Dr. Mohamed Muizzu.
IMF Managing Director Kristalina Georgieva paid a courtesy call on the President yesterday during his trip to attend the World Government Summit in Dubai.
The President was accompanied by Foreign Minister Moosa Zameer, Finance Minister Dr. Mohamed Shafeeq and Economic Development Minister Mohamed Saeed.
During the meeting, Georgieva praised the policies being implemented by the President to strengthen the foundations of Maldives’ economy and expressed her belief that the country would rise to new heights under his leadership.
Economic Development Minister Mohamed Saeed, who attended the meeting, said the IMF Managing Director praised the President's policies for taking courageous decisions. For example, Saeed said that although it was a difficult decision to stop printing money given the state of the economy, the President stopped printing money to improve the future of the economy.
Finance Minister Dr. Mohamed Shafeeq said the IMF officials highlighted the challenges facing the Maldivian economy during their visit under Article 4 of the IMF Charter. The IMF, however, praised the policies implemented by President Dr. Muizzu to put the economy on track and noted that they are courageous.
Dr. Shafeeq further said that the IMF has said that the implementation of the fiscal reforms will help Maldives to overcome the current economic difficulties and move towards further economic development.
The report published after the visit of IMF officials to Maldives also held the President's policies in a positive light.