Navigating the storm: The Maldives’ economic crisis and its implications
The crisis unfolds The Maldivian economy, comprised of nearly 1,200 islands, has long struggled with structural weaknesses. Reliant primarily on tourism, imports, and taxes, its economic base lacks diversification. Successive governments have leaned heavily on mega-infrastructure projects and social welfare schemes to garner political support, which, coupled with the global disruptions of COVID-19 and the […]
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