"Government to sell Maldives' largest lagoon to raise money for Solih's campaign" - Says PPM

  • Maldives
  • Politics
PUBLISHED 18 July 2023

The Maldivian government has recently announced its intention to sell the V.Atoll lagoon, the largest lagoon in the country and the third largest in the world. However, the decision has sparked criticism from the opposition Progressive Party of Maldives (PPM), which alleges that the lagoon is being sold at an undervalued price to generate funds for President Ibrahim Mohamed Solih's campaign.

The PPM has called for an immediate halt to the sale, labeling it a "crime involving the illegal sale of the lagoon at a reduced price to finance President Solih's campaign." The party has also urged the Anti-Corruption Commission to investigate the transaction thoroughly.

While the government has yet to respond to the controversy, it is believed that the sale forms part of a broader strategy to secure funds for President Solih's campaign. Facing financial constraints, the government seeks avenues to generate revenue to support its development initiatives.

The sale of the V.Atoll lagoon remains a highly contentious issue. Its success and the ability of the government to raise campaign funds through this transaction are yet to be determined. As the situation unfolds, it will be important to assess the potential implications for both the Maldives' natural environment and its political landscape.