Digital financial management, risk-based audits, and stronger oversight are needed to improve accountability, efficiency, and long-term stability across government operations.
The Maldives is facing financial and governance pressures after a series of economic shocks and growing exposure to rising seas and extreme weather.
Public debt increased sharply during the pandemic, while fragmented information systems and manual financial processes have slowed government decision making. Weak compliance controls have limited revenue collection, adding strain to public finances.
These structural gaps have made long term financial stability more difficult to achieve. In response, with support from ADB, the government has pursued reforms focused on…