AGP Executive Report
Last update: 10 hours agoTourism Capacity Boost: Maldives expanded tourism accommodation by 1,069 beds since end-2025 to 68,544 beds as of Sept 5, with resorts still leading (45,891 beds) and about 1.4 million visitors welcomed so far this year. Trade Finance Push: The Maldives government signed a five-year framework with ITFC to mobilise up to USD 1.5 billion (2026-2031) for import/export and trade financing, including support via Maldivian financial institutions for SMEs. Ocean Literacy Partnerships: Dhiraagu teamed up with SEED and SEAD to back ocean literacy for children and youth, using connectivity support and field-based learning across Hulhumalé and other islands. Health Supply Digitisation: State Pharma installed a digital stock system to show real-time pharmacy availability nationwide, with public access planned within two months and a 24-hour hotline (1505) for medicine queries. Consumer Credit Rising: Maldives Monetary Authority data shows personal loans to private individuals at MVR 9.20bn (up ~2% from June), alongside overall private-sector credit rising to MVR 41.34bn. Tourism GST Pressure: European travel agent and tour operator groups ABTA and ECTAA urged the Maldives to pause new GST destination rules for foreign booking platforms, citing short preparation time ahead of Oct 1. Public Safety & Integrity: Police Service Day remarks from Home Minister Ali Ihusaan stressed “no room for corruption or abuse of authority” and said swift action is taken against misconduct. Disaster Management HQ Land: NDMA received a permanent 13,574 sq ft land plot in Hulhumalé Phase II for its headquarters and emergency facilities. Capital Markets Plan: Maldives Stock Exchange and Securities Depository unveiled a 2026-2030 strategic plan to help SMEs raise funds and expand debt market access, including an anchor tourism listing target by 2027.
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