Maldives plans new $500 million bond sale to refinance 2026 Sukuk

In total, the Maldives faces more than $1 billion in debt repayments next year.

31 May 2025

Maldives begins talks to refinance over $1 billion in debt

Zameer also confirmed that final steps are underway for securing $100 million in budgetary support from a partner.

15 November 2024

Big picture of figures: Maldives to pay for Sukuk; no default

Maldives owes about $25 million (MVR 385.5 million) for the Sukuk by October 9.

6 September 2024

World Bank calls for urgent economic reforms in Maldives

10 October 2024

Maldives central bank warns of zero usable reserves in August

The finance ministry issued a letter last week asking companies to stop paying salaries in dollars.

18 August 2024

Moody's retains Maldives rating at Caa2 with negative outlook

Moody’s noted some recent progress in improving fiscal transparency and addressing corruption.

4 December 2024

Govt mulls projects delay over limited fiscal space

He said a review of the public sector investments projects scheduled for next year is underway

20 November 2023

Maldives faces slower growth, World Bank urges fiscal reforms

The Maldives currently has a high debt burden, exceeding USD 8 billion, which is equivalent to 122.9% of its GDP.

9 May 2024