Sukuk
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NewsGovernment settles final $50 million debt to SBI
The government has fully repaid a $150 million debt to the State Bank of India, settling the final $50 million installment this month. The debt, originally incurred in 2019, was cleared in three stages under the current administration. This payment is part of a broader $2.3 billion effort to service foreign debt over the last two years.
BusinessUsable reserves drop below levels after settling sukuk
The Maldives' usable reserves fell to $200.6 million last month following a $525 million sukuk settlement. Despite a slight rise in gross reserves to $643.8 million, increased short-term liabilities led to a 10% drop in available funds. Officials expect a recovery by year-end due to a surge in foreign currency exchange.
News
Authoritarian policies won’t fix USD shortage: Inaz
News
Government begins installment payments to small businesses
Business
Foreign exchange reserves drop for fourth consecutive month
Business
Usable reserves fall to USD 248 million
Business
Gross reserves decline, usable reserves see improvement
Report
Is BML's 'CCC-' rating a win?
Business
Fitch upgrades Maldives to ‘CCC-’ after sukuk payment
Business
Foreign reserves plunge to USD 717 million
Business
Maldives struggles to extend $400M India swap
Business
BML halts dollar support for imports
Business