Former Feydhoo MP Mohamed Nihad has accused the opposition of hoping for the Maldives to go bankrupt, as criticisms of the country’s economic situation continue to mount.
Nihad made these remarks in a post on social media platform X, in response to comments about the government’s handling of the economy.
Nihad stated that the government is aware of the challenges facing the country and that printing money has become a necessary measure to address the situation. He accused the opposition of wishing for the country’s downfall, stating, “They are praying for the country to go bankrupt, but I hope the people will be wise enough to save themselves from the pit they have fallen into.”
Nihad’s comments follow a statement by former Finance Minister Ibrahim Ameer, who said the government has no choice but to print money to sustain the economy. Speaking during a television program, Ameer highlighted that both the International Monetary Fund (IMF) and the World Bank have repeatedly urged the government to implement urgent reforms to address the nation’s financial crisis.
Ameer criticized the government for its inaction over the past 11 months, noting that no significant measures have been taken to improve the economic situation. He also emphasized that the Maldives has not received any foreign budget support in the form of free aid, leaving money printing as the only viable option to sustain the economy.
Nihad made these remarks in a post on social media platform X, in response to comments about the government’s handling of the economy.
Nihad stated that the government is aware of the challenges facing the country and that printing money has become a necessary measure to address the situation. He accused the opposition of wishing for the country’s downfall, stating, “They are praying for the country to go bankrupt, but I hope the people will be wise enough to save themselves from the pit they have fallen into.”
Nihad’s comments follow a statement by former Finance Minister Ibrahim Ameer, who said the government has no choice but to print money to sustain the economy. Speaking during a television program, Ameer highlighted that both the International Monetary Fund (IMF) and the World Bank have repeatedly urged the government to implement urgent reforms to address the nation’s financial crisis.
Ameer criticized the government for its inaction over the past 11 months, noting that no significant measures have been taken to improve the economic situation. He also emphasized that the Maldives has not received any foreign budget support in the form of free aid, leaving money printing as the only viable option to sustain the economy.
