Proven Debt | Atoll Times

Proven Debt

Debt stands at MVR 152.7B despite major bond repayment

At the end of the second quarter, total state debt stood at MVR 152.7 billion, equivalent to 122.7 per cent of gross domestic product (GDP).

$650mn raised to settle Sukuk, immediate repayment possible: Pres

President Muizzu said USD 320 million is held in the Sovereign Development Fund, while USD 330 million is available in usable reserves.

President says Sukuk refinancing will not exceed 9% interest

He added that, in addition to tax revenue, the current budget has secured USD 100 million, which is expected to be collected within 45 days.

5 February 2026

ADFD to defer USD 100m bond repayment, says Maldives president

He said ADFD agreed to extend the maturity of the bond by five years.

5 February 2026

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Top court disqualifies parliament candidate over decreed debt

11 people, including Hassan Shiyam, have guaranteed the repayment of two large SBI loans, which remain unpaid.

President assures Maldives economic recovery on solid foundation

He noted that economic reforms include the merger of certain state-owned companies.