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NewsPolitics

Finance Ministry reassures public as Middle East unrest raises economic concerns

By Ahmed Ashraf Published 3 hours ago

Maldives has intensified fiscal and economic monitoring as instability in the Middle East threatens to ripple across global markets, with authorities pledging swift action to protect fuel supplies, tourism flows and macroeconomic stability.

In a press release issued tonight by, the Ministry of Finance and Planning confirmed it is working closely with relevant state institutions to assess emerging risks and implement timely measures to shield the national economy from external shocks.

Fuel security has emerged as a key focus. With Maldives primarily importing petroleum products through Oman, the Ministry said it is coordinating with the to proactively identify vulnerabilities in the supply chain and ensure uninterrupted availability of fuel nationwide.

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Tourism, the backbone of the Maldivian economy, is also under close scrutiny. Officials are conducting comprehensive research into how unrest in the Middle East may affect visitor arrivals and international transportation networks. Based on these assessments, fiscal policy adjustments will be introduced where necessary to preserve macroeconomic stability and guarantee the uninterrupted delivery of public services.

The Ministry underscored that the country remains in a strong financial position. According to the latest data from the Maldives Monetary Authority, foreign currency reserves are currently at historically high levels. This robust reserve buffer provides the government with significant capacity to absorb external economic shocks, secure foreign exchange for essential imports and maintain financial confidence.

Reaffirming its priorities, the Ministry stated that strengthening the national financial system and safeguarding economic stability remain paramount. Authorities pledged to continue taking all necessary measures to ensure resilience within the financial sector and sustained public confidence during a period of heightened global uncertainty.

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“The Standard Maldives” is your premier source for the latest news, insights, and stories from the Maldives. With a commitment to accuracy and independence, we bring you comprehensive coverage of local developments, regional events, and global perspectives that impact our island nation. From breaking news to in-depth analyses, we aim to inform, inspire, and engage. Proudly carrying the tagline, ‘The World’s Window on Maldives,’ we connect the Maldives to the world and the world to the Maldives. Stay informed, stay connected.”

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