IMF applauds President Muizzu's financial leadership, pledges support for Maldives' economic endeavors

13 Feb 2024 | 15:53
The Managing Director of IMF paid a courtesy call on President Muizzu on Monday

In a significant development for the Maldives' financial landscape, President Dr. Mohamed Muizzu's strategic decisions have garnered commendation from the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. 

The endorsement came during a courtesy call where the IMF Managing Director expressed admiration for President Muizzu's proactive approach to addressing the nation's financial challenges.

During the meeting, Kristalina Georgieva praised President Muizzu's initial decision not to overdraw from public banks, citing it as the best choice a leader can make in the current economic situation.

The IMF committed to supporting this decision, considering it a strong political commitment that will propel the Maldives forward and foster progress.

Moreover, Georgieva highlighted President Muizzu's address to the nation, where multiple national-level reforms were unveiled. 

She expressed compliments for these reforms, acknowledging their potential to significantly improve the economy and financial status of the Maldives.

In response to these developments, Minister of Economic Development, Mohamed Saeed, shared with the press today the positive feedback received from the IMF Managing Director. 
According to Minister Saeed, the IMF Managing Director emphasized that international support, coupled with the IMF's commitment, as well as that of bilateral and multilateral organizations, will play a crucial role in backing President Muizzu's strategic decisions.

As the IMF Managing Director commends President Muizzu's decisions and pledges support, a wave of optimism sweeps across the Maldives. 
The nation stands poised at the intersection of strong leadership, strategic financial decisions, and international support, signaling a promising era of economic progress and stability.

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