Masha Midhath   16 July 2024 - 04:58 PM
The state of the country's economy remains unclear, and the current government seems unaware of the situation, Maldives Democratic Party (MDP) Chairman Fayyaz Ismail said yesterday.

Speaking on SS TV, Ismail highlighted inconsistencies in the government's communication regarding the nation's economic and financial health. He claimed these discrepancies have eroded investor confidence, making foreign investors reluctant to invest.

Fayyaz criticized the government for cutting jobs and food subsidies while continuing large-scale projects, despite claiming economic difficulties. He called for clear communication about the state of the economy and the management of state finances.

Fayyaz attributed the country's economic collapse to the actions of the MDP government and stated that people handed over the country's management to the current administration to address these issues. He emphasized that the new government was expected to fix the problems caused by the previous administration, not merely talk about them.