The national bank, once focused on practical goals like installing ATMs across the Maldives’ many islands, now seems to be a tool for government publicity stunts. Funds that could help people are instead being spent on flashy events and unnecessary travel, all to make the current leadership look good.
The ATM project isn’t new. It started years ago under the previous government, with the aim of bringing banking services to far-off islands. Back then, island councils handled the openings—simple, local events that didn’t cost much. But now, things have changed. The Muizzu government is taking credit for work it didn’t start, turning ATM installations into big ceremonies. Ministers and officials fly out to islands on seaplanes chartered by BML, just to cut ribbons and take photos. This isn’t about helping people; it’s about boosting the government’s image.
Take the people involved. Minister of Economic Development and Trade Mohamed Saeed is one of them. The economy has been shaky under his watch, yet he’s out there posing at these events. Then there’s Adam Shareef Umar, Minister of Cities, Local Government and Public Works, who seems more interested in centralizing power than supporting local councils. And Mohamed Shareef, the new BML CEO, came straight from a top job in the President’s Office. It’s clear the bank is now run by people loyal to the government, not independent leaders focused on its original purpose.
The cost of all this is staggering. Chartering seaplanes isn’t cheap, and these trips happen even when there’s no real need for officials to be there. BML’s money—public money—is being used to pay for it. Why? To make the Muizzu administration look like it’s doing something big. But installing ATMs was already in motion before this government took over. Claiming it as their achievement feels dishonest.
What’s worse, this spending comes at a time when the Maldives faces real problems. Foreign exchange reserves are low, and the country owes billions in debt. People need jobs, better services, and a stable economy—not photo opportunities for ministers. BML should be supporting the nation, not funding a PR campaign.
The shift is obvious. Under the old system, island councils kept things simple and local. Now, every ATM opening is a chance for the government to show off, no matter the cost. This isn’t progress; it’s a waste. The Muizzu administration needs to stop treating BML like its personal piggy bank and start focusing on what Maldivians actually need. Anything less is just a slap in the face to the people who keep this country going.
By Aishath Zara Mohamed
