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News debt repayment / government debt Maldives Impact 7.0/10 2 min read
This government has reduced the debt per capita: President

This government has reduced the debt per capita: President

President Dr. Mohamed Muizzu stated that his government has reduced debt per capita by 6.8% and decreased external debt. He said the USD 1.2 billion paid to settle debt includes loans from five former presidents, with only $4 million from the current administration. Breakdown: $891 million from Ibrahim Mohamed Solih's government, $195 million from Abdulla Yameen's, $62.5 million from Mohamed Nasheed and Mohamed Waheed, and $38.1 million from Maumoon Abdul Gayoom. Total state debt to GDP fell from 123% to 121.2%.

President Dr. Mohamed Muizzu stated that his government has reduced debt per capita by 6.8% and decreased external debt. He said the USD 1.2 billion paid to settle debt includes loans from five former presidents, with only $4 million from the current administration. Breakdown: $891 million from Ibrahim Mohamed Solih's government, $195 million from Abdulla Yameen's, $62.5 million from Mohamed Nasheed and Mohamed Waheed, and $38.1 million from Maumoon Abdul Gayoom. Total state debt to GDP fell from 123% to 121.2%.

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The Edition

Published

Jun 15, 2026

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President Dr. Mohamed Muizzu stated that his government has reduced debt per capita by 6.8% and decreased external debt. He said the USD 1.2 billion paid to settle debt includes loans from five former presidents, with only $4 million from the current administration. Breakdown: $891 million from Ibrahim Mohamed Solih's government, $195 million from Abdulla Yameen's, $62.5 million from Mohamed Nasheed and Mohamed Waheed, and $38.1 million from Maumoon Abdul Gayoom. Total state debt to GDP fell from 123% to 121.2%.

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