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Asia-PacificMarch 30 2020

How will a resurgent Maldives cope with a tourism slump?

The Maldives is embracing technology to modernise its banking system and serve its citizens. However, the effect of coronavirus on its crucial tourist sector could threaten the economy, as Kimberley Long reports. 
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The Maldives is emerging from a particularly difficult period in its history, which has fundamentally affected its political and legal systems. The troubles stem from October 2016, when the Commonwealth of former British territories queried the country's record on democracy and threatened it with suspension. Under then-president Abdulla Yameen, the Maldives withdrew from the Commonwealth, citing unfair treatment. 

Subsequently, criminal allegations against Mr Yameen culminated in his surprise defeat in the 2018 election, losing to the Maldivian Democratic Party. In November 2019, he was jailed for five years for money laundering, and found guilty of pocketing a $1m payment destined for the state.  

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Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.
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