Total State Debt Up; External Debt Down
State debt stood at MVR 126 billion at the end of the first quarter (Q1) this year, the Ministry of...
Year End Target for SDF US$100 Million: Minister Shafeeq
The Maldives’ target is to build up US$100 million in its Sovereign Development Fund (SDF) by the end of the...
Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
The administration is ready to take the necessary measures to manage the nation’s debt; starting with reforms to state-owned enterprises...
State Debt Reaches MVR 126 Billion at End of Q1 2024
Total state debt rose to MVR 126 billion as of the end of the first quarter (Q1) of this year,...
Maldives Requests India Roll Over Remaining US$150 Million Debt
Foreign Minister Moosa Zameer has requested that India roll over the remaining US$150 million loan owed by the Maldives to...
Supreme Court Review Sought in Ex-President Gayoom’s Debt Liability Case
The legal battle concerning former President Maumoon Abdul Gayoom’s alleged debt liability continues as the case ascends to the Supreme...
SDF Collections Out of Sync With Rise in Debt Repayments
Around MVR 921.2 million was spent on loan repayments as of 18 March this year; nearly MVR 100 million more...
Government to Issue Treasury Bills Worth MVR 1.8 Billion
Treasury Bills (T-Bills) worth MVR 1.8 billion will be issued to cover government expenditure, with the Ministry of Finance issuing...
World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
Maldives Industrial Fisheries Company (MIFCO), the wholly state-owned enterprise (SOE) set up to support the local fisheries industry by purchasing,...
Government Borrows US$50 Million via MACL from BML, Pays Out on SBI Treasury Bond
The government, in January, settled a US$50 million (MVR 771 million) treasury bond issued to the State Bank of India...
