Domestic Debt
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BusinessDebt nears MVR 100 billion as domestic borrowing surges
The Maldives' state debt is nearing MVR 100 billion due to a surge in domestic borrowing from local banks and state enterprises. This reliance on internal markets follows a failure to secure projected foreign financing. Total debt has returned to early-year levels despite a major sukuk repayment earlier this year.
BusinessSecurities debt surpasses MVR 100 billion with Pension Fund bond
The Maldives' securities debt has exceeded MVR 100 billion following a major bond transaction with the Pension Fund. This surge reflects heavy reliance on domestic borrowing, which has already surpassed annual budget targets. Approximately 97% of this debt is held locally by commercial banks and state institutions.
