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 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

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

World Bank calls for urgent economic reforms in Maldives

10 October 2024

Developing countries facing a debt crunch

The IMF has warned that if the status quo continues, public debt could reach 547% of GDP by 2027 in Lebanon.

5 October 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 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

50m euros budget support loan from Hungarian Exim Bank

Repayment period is 10 years

10 October 2023