World Bank: Maldivian govt’s economic management measures may succeed

World Bank’s Vice President for South Asia Martin Raiser (L) calls on President Ibrahim Mohamed Solih on December 8, 2022. (Photo/President's Office)

World Bank’s Vice President for South Asia Martin Raiser, on Thursday, remarked that the Maldivian government’s economic management measures, despite unpopularity, have a possibility of success.

Raiser made the remark during a courtesy call on President Ibrahim Mohamed Solih on Thursday afternoon, at the President’s Office.

During the meeting between the two, they discussed the constructive relationship between the Maldives and the World Bank. President Solih highlighted the economic management measures taken under the advice of the World Bank.

Raiser applauded the Maldivian government’s efforts in pushing economic management measures despite their unpopularity, describing it as a good decision. He also underscored that it is prudent for the Maldives to make these choices and expressed hope for success.

Raiser also offered the World Bank’s support and assistance to the Maldives to revitalize the economy. He then outlined the Country Partnership Framework with economic resilience, increased financial investments, and building human capital standing as the main focus.

Both sides expressed eagerness for further cooperation and collaboration whilst ending the call.