The Government of Maldives has completed the full settlement of the USD 500 million Sukuk issued in 2021, marking one of the most significant financial milestones in recent years and strengthening confidence in President Dr Mohamed Muizzu’s economic agenda. In a statement issued by the Ministry of Finance and Planning, officials confirmed that the government repaid both the principal amount and a USD 24.68 million coupon using the Sovereign Development Fund and other foreign currency reserves. The move follows months of fiscal tightening, reserve management and targeted reforms aimed at stabilising the economy after years of external shocks. The repayment … Continue reading Maldives Hails Landmark Sukuk Repayment as Vote of Confidence in Muizzu’s Economic Stewardship