President Muizzu says foreign exchange flow and investor confidence in the Maldives have strengthened

President Dr Mohamed Muizzu says foreign exchange flow into the Maldives and investor confidence in the Maldivian economy have strengthened in recent months.

The President, who is currently on an official visit to Germany at the invitation of German President Frank‑Walter Steinmeier, made the remarks while speaking at the “Maldives–Germany Business Roundtable” held in Berlin on Tuesday. He met with senior German business leaders and discussed expanding economic cooperation and investment opportunities between the two countries.

The President outlined the Maldives’ Vision 2040 as a commitment to strengthening the economy, modernising institutions, and advancing national development. He said modernising financial systems, easing foreign exchange processes, and digitising public services are key steps toward achieving that vision.

He noted that the country’s official reserves have risen to record levels and that foreign exchange inflows have increased. Highlighting progress in reducing the budget deficit, he said maintaining financial discipline remains a central policy of the government.

According to the President, these positive developments have boosted investor confidence, with major global technology companies, including Google, investing in the Maldives to enhance digital connectivity.

ދިވެހިރާއްޖެއާއި ޖަރުމަނުވިލާތާއި ދެމެދު ބޭއްވެވި ރަސްމީ މަޝްވަރާތަކުގެ ތެރެއިން #MaldivesGermany pic.twitter.com/3rqGSysQKo

— The President's Office (@presidencymv) February 10, 2026

He also spoke about the challenges of energy security and rising energy prices, stressing the need for productivity and innovation in the energy‑transition sector. Projects such as Solar City, he said, aim not only to reduce carbon emissions but also to create sustainable, replicable solutions for island and coastal economies.

The President highlighted the important role German investors, tour operators, and financial institutions have played in strengthening confidence in the Maldives’ tourism industry. He announced 2027 as the “Visit Maldives Year” and invited German investors to take part. He also referenced common investment models and the newly launched Project Ayla Sustainable Township.

He further discussed plans to modernise and expand healthcare services in the Maldives by developing specialised care and reducing the need for Maldivians to travel abroad for treatment, an area where he said Germany and the Maldives share similar interests.

The President said the Maldives aims to provide a transparent, predictable, and rules‑based financial environment that supports long‑term partnerships. He concluded by describing Germany as a natural partner in the Maldives’ development journey.

The government is also working to increase foreign currency earnings, including through policies requiring tourists staying in resorts and guesthouses to exchange dollars locally.