The Spokesperson at the President’s Office, Mohamed Mabrook Azeez has stated that the Maldives economy has begun recovering much faster than initially forecast after the significant blow it faced following the Covid-19 pandemic in 2020.
Speaking at the virtual press conference held at the President’s Office, Mabrook highlighted how the Maldives was undergoing the worst economic downfall it had experienced in recent history due to the Covid-19 pandemic. As per the Spokesperson, Maldives’ economy had plummeted about 26 – 29 per cent in the last year.
He also confirmed that the state had generated more revenue than it had initially predicted for in the first quarter of the fiscal year of 2021. He credited borders re-opening, as well as the rapid vaccination rates around the world, for the quick recovery.
Mabrook further stated that as recently as last November, the government had predicted that the Maldives would only see about 600,000 arrivals in 2021; however, with the current trajectory, the Ministry of Tourism anticipates that over a million tourists will visit the Maldives this year. He thanked the frontline workers and dedicated resort workers for their invaluable role in getting the Maldives’ economy back on track.
In addition to this, Spokesperson Mabrook answered questions from journalists and clarified many public interest issues that were brought up during the press conference.
Speaking at the virtual press conference held at the President’s Office, Mabrook highlighted how the Maldives was undergoing the worst economic downfall it had experienced in recent history due to the Covid-19 pandemic. As per the Spokesperson, Maldives’ economy had plummeted about 26 – 29 per cent in the last year.
He also confirmed that the state had generated more revenue than it had initially predicted for in the first quarter of the fiscal year of 2021. He credited borders re-opening, as well as the rapid vaccination rates around the world, for the quick recovery.
Mabrook further stated that as recently as last November, the government had predicted that the Maldives would only see about 600,000 arrivals in 2021; however, with the current trajectory, the Ministry of Tourism anticipates that over a million tourists will visit the Maldives this year. He thanked the frontline workers and dedicated resort workers for their invaluable role in getting the Maldives’ economy back on track.
In addition to this, Spokesperson Mabrook answered questions from journalists and clarified many public interest issues that were brought up during the press conference.
