US Deputy Assistant Secretary for South and Central Asia met President Waheed; Protest against GMR; Foreign-exchange reserves of the Maldives Monetary Authority is under pressure: IMF
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    • The US Deputy Assistant Secretary for South and Central Asia Ms Alyssa Ayres, has paid a courtesy call on President Dr Mohamed Waheed on November 18, 2012 at the President’s Office. At the meeting, President Waheed and Ms Alyssa Ayres discussed the current political situation in the Maldives, and the economic state of the country. 1

    In another development, according to reports, the Maldivian Citizens' National Movement has held a dhoni-ride protest against Indian company GMR, the present operator of Male International Airport. Protesters called for the cancellation of the agreement between the government and GMR, saying that the agreement was made against the laws of Maldives. 2

    In other developments, according to reports, the International Monetary Fund (IMF) has said that the Foreign-exchange reserves of the Maldives Monetary Authority (MMA) is under pressure due to increasing imports and estimated increase in the Balance of Payments deficit. At a press conference on November 12, Chief of IMF Mission Koshy Mathai highlighted the deteriorating Balance of Payments position of the Maldives and said that this would result in an estimated Current Account deficit of 30 percent of GDP. 3

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