AGP Executive Report
Last update: 6 hours agoGrowth Outlook: The Maldives forecasts 2027 economic growth of 3.9% to 6.8%, after cutting its 2026 outlook to 0.6%–1.8% from an earlier 5.3% projection. 2027 Budget: The proposed MVR 59.7 billion budget projects a MVR 9.4 billion deficit, while targeting 2.5 million tourist arrivals and a USD 100 million increase in reserves. Green Finance: Maldives Finance and Leasing Company became the country’s first national Green Climate Fund Direct Access Entity, opening a potential route to finance cleaner, more climate-resilient tourism businesses. Trade: MIFCO signed an MoU to explore frozen fish exports to China, with possible expansion from 2027 subject to market assessment and commercial arrangements. Revenue Reform: Customs’ fiscal mandate is set to move to the Finance Ministry next year; an audit reported MVR 461 million in unpaid dues.
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