The Bank of Maldives (BML) has reiterated its commitment to supporting the country’s tourism industry, aligning with recent remarks by Thoriq Ibrahim regarding financial assistance to the sector.
In a statement, the bank said it is working closely with tourism stakeholders as the Maldives navigates challenges linked to the current global situation, which has affected travel patterns and industry operations.
BML noted that it is actively engaging with resort operators, guesthouse owners and other tourism-related businesses to better understand their financial and operational conditions.
The bank said this ongoing dialogue allows it to tailor support measures that address the specific needs of businesses across the sector.
Chief Executive Officer and Managing Director Mohamed Shareef said the bank’s immediate focus is on ensuring stability within the industry.
“Our priority is to stand alongside the tourism sector during this period,” he said, adding that continuous engagement with stakeholders enables the bank to provide targeted financial solutions that help sustain operations and maintain confidence.
Tourism remains the backbone of the Maldivian economy, making it particularly vulnerable to global disruptions. BML said its efforts are aligned with national priorities aimed at safeguarding economic stability and strengthening resilience within the sector.
The bank emphasised that supporting tourism businesses is essential not only for industry recovery but also for maintaining broader economic confidence.
BML added that it will continue to closely monitor developments and adjust its support measures where necessary to ensure that the sector remains well-positioned for recovery and future growth.
Officials say the bank’s approach reflects a long-term commitment to the tourism industry, which continues to play a central role in driving the Maldives’ economic performance.
