Jihad: Impossible to move forward until we regain stability

Minister of Finance and Treasury Abdulla Jihad has said that it would not be possible to move forward until the country returns to stability following the explosion on the presidential speedboat.

Jihad made this remark on VTV Fasmanzaru on Monday night.

“We have not had time yet to assess the impact of this incident, but I believe there would be some effect,” said Jihad.

He further said he was often asked by investors about peace and order and the current country-rating status of the Maldives.

“I actually don’t know what to tell investors following this incident,” he said.

Referring to the government’s recent move to cut costs, he said that the government was facing a revenue shortfall of roughly MVR 2.8 billion.

President Abdulla Yameen does not believe in selling T-bills and his strategy for overcoming this shortfall is cutting costs, said Jihad.