Rampant corruption in the country has caused confidence towards investing in the country to drop, said Professor Hassan Ugail.
In a post on his Twitter account, Ugail said that increasing levels of corruption and lack of reliability in statutory bodies are ‘deterrents’ to investment.
Investor confidence in the Maldives has lately sunk to a record low. Increasing levels of corruption, as well as the general lack of trust in the independent institutions, are significant deterrents to foreign investments. https://t.co/jfTyolWXte
— Professor Ugail (@ugail) December 18, 2017
Ugail, currently a professor of visual computing at the University of Bradford, in a tweet later referred to Maldives’ placement on the World Bank’s ease of doing business index list.
The ease of Doing Business Index (DBI) figures by the World Bank for the Maldives (2014 - 95th, 2015 - 116th, 2016 - 128th 2017 - 135th and 2018 - 136th) seem to tell us an entirely different story. In fact, Maldives has steadily declined by 41 places over the last 4 years. https://t.co/chNQJRtYQm
— Professor Ugail (@ugail) December 19, 2017
In both tweets Ugail attached news articles about the government’s ongoing Maldives Investment Forum, happening in Dubai.
