Sovereign Development Fund (SDF)
9 articles
Latest
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.
NewsExclusive: Maldives sought extension on $50M India debt
The Maldives government requested a further extension to repay a final $50 million debt installment to India, but the request was denied. Despite the refusal, the Maldives settled the payment last week using its Sovereign Development Fund. This follows previous rollovers and a $50 million grant provided by India earlier this year.
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