Committee green-light to minister's control over sovereign fund

Parliament's Public Accounts Committee has made some changes to the bill, but it will not change any clause related to the SDF.

21 February 2023

Parliament approves bill authorising minister's control over SDF

In Monday's sitting, 43 members voted in favour of the bill, while only one voted against it.

27 February 2023

Sovereign Fund management botched; balance unsure: Audit Office

The government has proposed some amendments related to the management of sovereign funds in the Finance Act.

5 December 2022

Maldives economy stalls; troubles loom

At the beginning of this year, the country had enough money in its reserves to import three months’ worth of supplies.

2 December 2023

Debt-service fund sees 61% growth in deposits

Budget estimates total deposits of MVR 871.4 million this year

12 March 2023

Maldives records drop in SD fund deposits

The first bill introduced by the government was the Sovereign Fund Bill but it was dropped.

7 April 2024

Govt to publicise detailed debt service fund stats

SDF data is now clubbed together with weekly and monthly fiscal reports, with only deposits in the SDF now released.

12 March 2023

Sovereign fund deposits see 11% year-over-year hike

This year's budget has estimated MVR 871.4 million to be deposited in the fund.

20 August 2023