Increase Investments into Workforce, Education, Training, Urges Governor

Governor of Central Bank, Maldives Monetary Authority (MMA) has stated that Maldives needs to increase our workforce and invest into education and training in order to maintain the economy.

Speaking at the inauguration ceremony of the Maldives Finance Forum held at Kurumba Maldives, Governor Ahmed Naseer stated that this was vital in ensuring that the country’s economy thrived without falling into debt.

“We need to increase our workforce, and investments in education and training to enable the youth to become more productive in the future. Our economy will benefit from this,” Governor Naseer stated.

“If we work diligently towards increasing our reserve, we still have time to avoid debt. However, if we were to slack, Maldives would go down the same path as other nations in debt,” Governor Naseer added.

Noting the mounting debt in neighboring and other developing nations, Governor Naseer stated that everyone must act now to increase the reserve, noting that the country must manage the debt of infrastructure development projects.

“Tourist arrivals are increasing right now. This is the time to start working on increasing our reserve and maintaining our financial stability,” Governor Naseer stated.

He stated that Maldives faces the fear of mounting debt unless action is taken to maintain financial stability in the country, adding that Maldives has a chance to avoid debt through careful planning and diligent efforts to minimize debt.

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