Maldives to hold referendum on merging key elections to cut costs
Maldives will hold a nationwide referendum on April 4. The vote will decide if presidential and parliamentary elections can be held together. This move aims to save approximately $8 million. President Mohamed Muizzu's administration is pushing for...

President Mohamed Muizzu has set the plebiscite for April 4, which if approved, would bring forward the next parliamentary vote and shorten the current legislature's term by about five months.
Parliamentary elections are scheduled for early 2029, while the presidential poll is due in September 2028.
Muizzu's spokesman said the president issued the decree on referendum on Monday night.
The referendum will take place alongside local council elections.
Muizzu has argued that holding both the national elections together would save the Indian Ocean archipelago about $8 million.
The People's Majlis, dominated by Muizzu's party, passed a resolution last week calling for constitutional amendments to synchronise the electoral calendar.
Former president Mohamed Nasheed has also publicly backed the proposed overhaul.
The push for reform comes as the Maldives faces fiscal pressures.
The International Monetary Fund last year urged stronger consolidation measures to stabilise the economy, despite a thriving tourism industry.
The government rejected an IMF bailout in 2024 and instead announced sweeping spending cuts, including halving Muizzu's salary.
Home to around 382,000 people, the Maldives insists its financial strains are temporary and says it has no plans to seek external assistance.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.