The Maldivian Democratic Party expresses grave concern over the escalating war in the Middle East and its devastating impact on the people of the region and consequences for global stability, including direct implications for global oil markets, tourism and the Maldivian economy. The domestic situation is not helped by President Muizzu’s preoccupation with centralising power through a rushed constitutional referendum than with preparing the country for the economic consequences of rising oil prices.
Last week, President Muizzu sought to placate the public by declaring there was “nothing to worry about.” Just 48 hours later, fuel prices were increased by 20 percent. The Government’s subsequent official request for urgent fuel assistance from India further underscored the seriousness of the situation and undermined the President’s earlier assurances. The MDP expresses its deep gratitude to the Government and people of India for their continued support to the Maldives.
While countries across our region put in place policies to mitigate the impact of the fuel crisis, the lack of Government transparency and engagement with all relevant stakeholders has been alarming. The Maldivian people deserve a government that confronts the crises of the day, not one that exploits them to consolidate power.