The government has decided to dissolve the Maldives Integrated Tourism Development Corporation (MITDC) and AgroNat Corporation.

The President's Office (PO) said on Tuesday that the decision to dissolve MITDC and AgroNat was taken as part of the Cabinet's decision on Sunday to cut government expenditure.

The PO said that MITDC's work will be handed over to Maldives Fund Management Corporation (MFMC) as part of the change in its mandate.

The President has also decided to dissolve AgroNat, which was established by the government of President Ibrahim Mohamed Solih to market and sell farmers' products and transfer its operations to the Maldives Industrial Development Free Zone Company.