During the later part of Maumoon's rule, independent political movements emerged in Maldives, which challenged the then-ruling Dhivehi Rayyithunge Party (Maldivian People's Party, MPP) and demanded democratic reform. The dissident journalist and activist Mohamed Nasheed founded the Maldivian Democratic Party (MDP) in 2003 and pressured Maumoon into allowing gradual political reforms. In 2008 a new constitution was approved and the first direct presidential elections occurred, which were won by Nasheed in the second round. His administration faced many challenges, including the huge debt left by the previous government, the economic downturn following the 2004 tsunami, overspending by means of overprinting of local currency (the rufiyaa), unemployment, corruption, and increasing drug use. Taxation on goods was imposed for the first time in the country, and import duties were reduced in many goods and services. Social welfare benefits were given to those aged 65 years or older, single parents, and those with special needs.