Deputy Speaker of the Parliament Eva Abdulla on Tuesday proposed questions for Finance Minister Ibrahim Ameer regarding the national reserve of the Maldives.
MP Eva requested to know how many days of staple foods, oil, and medications can be supported by what is left of the reserves after paying the public debt. She also noted that the international reserves are at US$ 317 million at the beginning of June 2022 with US$ 130 million allocated for debt servicing. Further, a deficit of US$ 150 million is budgeted as a deficit for June and July 2022.
MP Eva proposed the questions amid growing public concerns following JP Morgan’s Emerging markets strategist Trang Nguyen flagged eight countries including the Maldives as in immediate danger of defaulting, though the claims have been repeatedly downplayed by Finance Minister Ameer.
