Sovereign Development Fund (SDF)
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NewsSukuk or bond issue listed in budget for 2027
The government plans to issue a $175 million international bond or sukuk in 2027 to manage foreign debt, part of a $675 million three-year borrowing strategy. Despite past failures to enter the market and a "junk" credit rating, officials hope this move will ease financial pressure following a major reserve drawdown for previous repayments.
BusinessBML denies funding $50 million debt repayment to SBI
Bank of Maldives denied claims that it provided $50 million to the government for debt repayment to the State Bank of India. The bank clarified that no customer deposits or internal resources were used for the payment. BML maintained its financial stability despite ongoing dollar liquidity challenges and warned against spreading misinformation.
News
Exclusive: Maldives sought extension on $50M India debt
Business
Experts blame policy failures and severed foreign funding
Report
Is BML's 'CCC-' rating a win?
News
SDF investments and cash amounts kept secret
Business
USD 18 million in SDF at the end of September
News
SDF balance dropped on the day reserves increased
Business
SDF has to be used if money cannot be raised by end of the month
Business