• Latest
  • Trending

Maldives’ economy grows despite constraints: Moody’s

September 27, 2017
Samir Shah of Indian origin chosen to head the BBC

Samir Shah of Indian origin chosen to head the BBC

December 6, 2023
Air Astana

Air Astana launches direct flights to Sri Lanka

December 6, 2023
Hand grenade found from Dehiwala building

Hand grenade found from Dehiwala building

December 6, 2023
Rizz

Oxford’s Word of the Year 2023 announced

December 6, 2023
Digitized national birth certificate

Sri Lanka issues its first digitized national birth certificate

December 6, 2023
Rain. Image credits - Max Bender @maxwbender / Unsplash

Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

December 6, 2023
Moody's

Moody’s cuts China credit outlook to negative, cites lower growth, property risks

December 6, 2023
Indian State elections: Modi reads the minds of North Indian voters correctly

Indian State elections: Modi reads the minds of North Indian voters correctly

December 6, 2023
UK unveils tougher visa rules in a bid to cut migration

UK unveils tougher visa rules in a bid to cut migration

December 5, 2023
Bangladesh heads for a one-horse electoral race

Bangladesh heads for a one-horse electoral race

December 4, 2023
Jaffna civil society’s laudable attempt to unite Tamil political parties

Jaffna civil society’s laudable attempt to unite Tamil political parties

December 5, 2023
Bitcoin. Image credits - Onov3056

Bitcoin tops $40,000 for first time since May 2022 as momentum builds

December 4, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, December 7, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Air Astana

    Air Astana launches direct flights to Sri Lanka

    Hand grenade found from Dehiwala building

    Hand grenade found from Dehiwala building

    Digitized national birth certificate

    Sri Lanka issues its first digitized national birth certificate

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    Indian State elections: Modi reads the minds of North Indian voters correctly

    Indian State elections: Modi reads the minds of North Indian voters correctly

    Bangladesh heads for a one-horse electoral race

    Bangladesh heads for a one-horse electoral race

    Jaffna civil society’s laudable attempt to unite Tamil political parties

    Jaffna civil society’s laudable attempt to unite Tamil political parties

    SriLankan Airlines

    Cyclone Michaung: Several flights cancelled, delayed at Chennai airport

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Samir Shah of Indian origin chosen to head the BBC

    Samir Shah of Indian origin chosen to head the BBC

    Rizz

    Oxford’s Word of the Year 2023 announced

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    UK unveils tougher visa rules in a bid to cut migration

    UK unveils tougher visa rules in a bid to cut migration

    Bitcoin. Image credits - Onov3056

    Bitcoin tops $40,000 for first time since May 2022 as momentum builds

    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Image credits - Clarissa Watson issaphotography / Unsplash

    Sri Lanka dominates at World Youth Scrabble Championship 2023

    A Trump dictatorship is increasingly inevitable. We should stop pretending.

    A Trump dictatorship is increasingly inevitable. We should stop pretending.

    How Russia is winning the war in Ukraine

    How Russia is winning the war in Ukraine

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Taylor Swift

    Who is Spotify’s most-streamed artist of 2023?

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    The musician and entrepreneur announced he "decided to give up smoke." Image credits - Kevin Mazur/Getty Images

    Snoop Dogg giving up smoking weed?

    Blockbusters bring gangsters to Bollywood

    Blockbusters bring gangsters to Bollywood

    3rd Bangladesh Film Festival illuminates Colombo

    3rd Bangladesh Film Festival illuminates Colombo

    Jason Derulo

    Jason Derulo sued for sexual harassment by fellow singer

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Visas. Image credits - ConvertKit @convertkit

    Free Sri Lankan visa for 7 countries: Regulations issued

    Airline / Flight

    Malaysia to allow visa-free entry to Chinese, Indian nationals from December 1

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    Travel. Image credits - Sacha Verheij / Unsplash

    The 24 best places to go in 2024

    SriLankan Airlines

    SriLankan Airlines introduces self-check-in kiosks, baggage drop at BIA

    Gasping for air: Delhi’s smog-laden winter  

    Gasping for air: Delhi’s smog-laden winter  

    World’s first whole-eye transplant hailed as breakthrough

    World’s first whole-eye transplant hailed as breakthrough

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp. Image credits - AARN GIRI / Unsplash

    Protect your chat using secret code : New WhatsApp feature

    Google is deleting old Gmail accounts: Here’s how to save yours

    Google is deleting old Gmail accounts: Here’s how to save yours

    FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

    Apple unveils its fastest iMac and MacBook Pro models yet

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    Instagram testing new feature that lets you add photos and videos to other people’s posts

    WhatsApp will soon allow users to use two accounts on one phone

    WhatsApp will soon allow users to use two accounts on one phone

    X

    X begins charging new users $1 a year in New Zealand, Philippines

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Air Astana

    Air Astana launches direct flights to Sri Lanka

    Hand grenade found from Dehiwala building

    Hand grenade found from Dehiwala building

    Digitized national birth certificate

    Sri Lanka issues its first digitized national birth certificate

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    Indian State elections: Modi reads the minds of North Indian voters correctly

    Indian State elections: Modi reads the minds of North Indian voters correctly

    Bangladesh heads for a one-horse electoral race

    Bangladesh heads for a one-horse electoral race

    Jaffna civil society’s laudable attempt to unite Tamil political parties

    Jaffna civil society’s laudable attempt to unite Tamil political parties

    SriLankan Airlines

    Cyclone Michaung: Several flights cancelled, delayed at Chennai airport

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Samir Shah of Indian origin chosen to head the BBC

    Samir Shah of Indian origin chosen to head the BBC

    Rizz

    Oxford’s Word of the Year 2023 announced

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    UK unveils tougher visa rules in a bid to cut migration

    UK unveils tougher visa rules in a bid to cut migration

    Bitcoin. Image credits - Onov3056

    Bitcoin tops $40,000 for first time since May 2022 as momentum builds

    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Image credits - Clarissa Watson issaphotography / Unsplash

    Sri Lanka dominates at World Youth Scrabble Championship 2023

    A Trump dictatorship is increasingly inevitable. We should stop pretending.

    A Trump dictatorship is increasingly inevitable. We should stop pretending.

    How Russia is winning the war in Ukraine

    How Russia is winning the war in Ukraine

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Taylor Swift

    Who is Spotify’s most-streamed artist of 2023?

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    The musician and entrepreneur announced he "decided to give up smoke." Image credits - Kevin Mazur/Getty Images

    Snoop Dogg giving up smoking weed?

    Blockbusters bring gangsters to Bollywood

    Blockbusters bring gangsters to Bollywood

    3rd Bangladesh Film Festival illuminates Colombo

    3rd Bangladesh Film Festival illuminates Colombo

    Jason Derulo

    Jason Derulo sued for sexual harassment by fellow singer

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Visas. Image credits - ConvertKit @convertkit

    Free Sri Lankan visa for 7 countries: Regulations issued

    Airline / Flight

    Malaysia to allow visa-free entry to Chinese, Indian nationals from December 1

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    Travel. Image credits - Sacha Verheij / Unsplash

    The 24 best places to go in 2024

    SriLankan Airlines

    SriLankan Airlines introduces self-check-in kiosks, baggage drop at BIA

    Gasping for air: Delhi’s smog-laden winter  

    Gasping for air: Delhi’s smog-laden winter  

    World’s first whole-eye transplant hailed as breakthrough

    World’s first whole-eye transplant hailed as breakthrough

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp. Image credits - AARN GIRI / Unsplash

    Protect your chat using secret code : New WhatsApp feature

    Google is deleting old Gmail accounts: Here’s how to save yours

    Google is deleting old Gmail accounts: Here’s how to save yours

    FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

    Apple unveils its fastest iMac and MacBook Pro models yet

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    Instagram testing new feature that lets you add photos and videos to other people’s posts

    WhatsApp will soon allow users to use two accounts on one phone

    WhatsApp will soon allow users to use two accounts on one phone

    X

    X begins charging new users $1 a year in New Zealand, Philippines

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

Maldives’ economy grows despite constraints: Moody’s

Editor by Editor
September 27, 2017
in Around South Asia, Business, China, Maldives, Top Story
Reading Time: 2 mins read
3 1
A A
23
SHARES
Share on WhatsApp

By Matthew Amlot/www.cpifinancial.net

Moody’s Investors Service says that the credit profile of the Government of Maldives (B2 stable) is supported by the country’s healthy economic growth and competitive tourism sector.

Maldives also demonstrates strong debt affordability metrics  due to a large revenue base  and a well-funded banking system.

ADVERTISEMENT

However, robust growth has been accompanied by budget and current account deficits, and a ramp-up in debt.

Maldives’ small size, narrow economic diversification and low level of development also raise its vulnerability to natural disasters.

Moody’s conclusions are contained in its just-released annual credit analysis titled “Government of Maldives – B2 stable” and which examines the sovereign in four categories: economic strength, which is assessed as “Low (+)”; institutional strength “Low”; fiscal strength “Low”; and susceptibility to event risk “Moderate (+)”.

The report constitutes an update to investors and is not a rating action.

Maldives’ GDP growth edged higher in 2016 to 3.9 per cent year-on-year from a 2.8 per cent increase in the previous year.

While the tourism sector continues to drive headline GDP, growth in arrivals has slowed in the last few years. And, in a shift from past trends, tourist arrivals from China are falling, although arrivals from Europe remain strong.

GDP growth has also been powered by the government’s emphasis on infrastructure development.

Large projects  spending on which will total around $1.5 billion or close to 30 per cent of 2019 GDP over the next three years, are being developed under the Public Sector Infrastructure Program, with the goal of enhancing Maldives’ attractiveness as a tourist destination.

European tourists come to the Maldives in larger numbers than before

However, these projects will also contribute to an increase in the debt burden over the medium term.

Moody’s expects government debt to continue to rise in the coming years, to 82.2 per cent of GDP by 2019, on the back of the government’s infrastructure development plan.

Despite wide current account deficits, foreign exchange reserves have edged higher over the past year.

Reserves accretion was supported by a sovereign bond issuance in June, and steady inflows of foreign direct investment.

The stable outlook on the sovereign’s rating indicates balanced credit strengths and challenges.

Positives

Moody’s would consider the following factors as credit positive: (1) a steady reduction in fiscal deficits and the government debt burden; (2) a successful diversification of the economy’s productive base; and (3) a sustained period of political stability that encourages policy continuity and drives reform.

Negatives

By contrast, the following factors would be credit negative: (1) a meaningful deterioration in fiscal and debt metrics and worsening debt affordability; (2) an escalation in domestic political tensions that hinders effective policy making or undermines growth; and (3) a shock to the tourism sector that results in a sharp fall in growth.

(The featured image at the top shows Maldivian President Abdulla Yameen inspecting the China-Maldives Friendship Bridge a major project of use to the common man) 

Related Posts

Samir Shah of Indian origin chosen to head the BBC
Media

Samir Shah of Indian origin chosen to head the BBC

December 6, 2023
Air Astana
Around South Asia

Air Astana launches direct flights to Sri Lanka

December 6, 2023
Hand grenade found from Dehiwala building
Around South Asia

Hand grenade found from Dehiwala building

December 6, 2023
Digitized national birth certificate
Around South Asia

Sri Lanka issues its first digitized national birth certificate

December 6, 2023
Rain. Image credits - Max Bender @maxwbender / Unsplash
Around South Asia

Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

December 6, 2023
Moody's
Around South Asia

Moody’s cuts China credit outlook to negative, cites lower growth, property risks

December 6, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60454 shares
    Share 24204 Tweet 15104
  • Registration open for National Fuel Pass

    6648 shares
    Share 2696 Tweet 1647
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    2147 shares
    Share 865 Tweet 534
  • 16 hour water cut in several parts of Colombo

    926 shares
    Share 392 Tweet 223
  • WATCH : Yohani’s first live performance in India

    792 shares
    Share 329 Tweet 193
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

https://www.vudols.com/

- mersin escort - Antalya korsan taksi -
deneme bonusu
- deneme bonusu veren siteler - Goley90 Giriş - youtube izlenme satın al - buy youtube views - Vozol - buy instagram followers - istanbul escorts - beşiktaş escort - beylikdüzü escort - postegro - Kiralık Bahis Sitesi