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

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

50m euros budget support loan from Hungarian Exim Bank

Repayment period is 10 years

10 October 2023

Central bank governor says debt restructuring needed

One of the biggest concerns expressed by the MMA at the committee meeting was the lack of spending in line with the annual budget.

20 November 2023

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 cancels debt advisory agreement with Centerview

The decision to cancel the contract is part of new finance minister Moosa Zameer's broader efforts to reduce state expenditures.

21 October 2024

New govt inherits MVR 119b debt; MVR 10b to India

The total public debt, including borrowings and sovereign guarantees, stood at 110.9% of GDP at the end of September.

19 November 2023

IMF, World Bank cite significant progress in debt restructuring

The report also cited progress on accelerating timelines for getting through the restructuring process.

18 April 2024