On 16th November 2024, President Dr Mohamed Muizzu inaugurated the Development Bank of Maldives (DBM), set to revolutionise the nation’s economy. Led by financial experts CEO Noel Gregor Paterson-Jones and Chairperson Aruni Goonetilleke, DBM will fund infrastructure projects, tackle public sector financing, and support small businesses. Partnering with MIFSA, the bank aims to drive sustainable growth and strengthen the Maldives’ financial sector.