President Muizzu Announces Economic Reforms and Financial Achievements

The Progressive Congress Coalition Leader and PNC President, President Dr. Mohamed Muizzu, announced significant economic reforms and financial achievements at the opening ceremony of the PNC booth. He emphasized that the government has halted the practice of printing money and has successfully paid RF 13 billion to various parties in the past seven months.

President Muizzu highlighted the collective desire of the Maldivian people to steer the country towards reform and regain economic independence.

"We started on that road as decided by the People of Maldives," he stated. He acknowledged the challenges faced, particularly in the parliament, but expressed gratitude to the coalition leadership, PPM/PNC members of Parliament, and supporters who contributed to their success in the 20th parliamentary elections.

Expressing his appreciation, President Muizzu said, “The Parliament has a very important role to play in the journey to reach that goal. I would like to thank the people of Maldives from the bottom of my heart for electing our honourable members of parliament.”

The President detailed the government's economic agenda, emphasizing the commitment to not printing money. He noted that, despite the difficulties, the government has avoided high-interest loans and made significant payments. Over the past seven months and five days, RF 4 billion has been paid to companies, an additional RF 7 billion to various government State-Owned Enterprises (SOEs), and RF 2.7 billion in foreign debt without defaulting on any loans.

In total, RF 13 billion has been paid during this period, demonstrating the government's dedication to maintaining economic stability and transparency. President Muizzu underscored that these achievements are often overlooked by their rivals.

The President concluded by reaffirming the government's commitment to continuing their work at a fast pace, ensuring the economic agenda's successful implementation.