Former Finance Minister Ibrahim Ameer has criticized the Maldivian government’s approach to its financial crisis, asserting that changing laws alone will not resolve the country’s economic troubles.
Speaking at a press conference on behalf of the Maldivian Democratic Party (MDP), Ameer expressed concern over the government’s proposed legal reforms as a solution to the financial issues.
Ameer contended that the current administration, including the President and Finance Minister, lacks a comprehensive understanding of the Maldives' financial situation.
He also raised doubts about the credibility of the banking sector following the government’s accusations of a coup, suggesting that such allegations have tainted the reputations of institutions like the Bank of Maldives (BML). Ameer warned that if correspondent banks were to stop providing services to the Maldives, it could exacerbate the financial crisis.
Additionally, Ameer highlighted the President’s recent move to allow deposits from the Bank of Maldives to be directly transferred, a decision he views as problematic. He emphasized that the Attorney General has also pointed out that merely changing laws will not address the underlying financial issues.
Ameer further criticized the government for failing to secure foreign aid over the past nine months, labeling the administration as incompetent and out of touch with effective solutions for the financial crisis.
Speaking at a press conference on behalf of the Maldivian Democratic Party (MDP), Ameer expressed concern over the government’s proposed legal reforms as a solution to the financial issues.
Ameer contended that the current administration, including the President and Finance Minister, lacks a comprehensive understanding of the Maldives' financial situation.
He also raised doubts about the credibility of the banking sector following the government’s accusations of a coup, suggesting that such allegations have tainted the reputations of institutions like the Bank of Maldives (BML). Ameer warned that if correspondent banks were to stop providing services to the Maldives, it could exacerbate the financial crisis.
Additionally, Ameer highlighted the President’s recent move to allow deposits from the Bank of Maldives to be directly transferred, a decision he views as problematic. He emphasized that the Attorney General has also pointed out that merely changing laws will not address the underlying financial issues.
Ameer further criticized the government for failing to secure foreign aid over the past nine months, labeling the administration as incompetent and out of touch with effective solutions for the financial crisis.
