President Muizzu highlights debt repayment gains in 2.5 years of government

President Dr. Mohamed Muizzu said his government has paid more debt in 2.5 years than previous two governments in five years. The current administration repaid USD 1.29 billion, including $4.9 million of its own loans, $891 million from the previous government, $195 million from before that, $62.5 million from Nasheed and Waheed, and $38.1 million from Maumoon. External debt as percentage of GDP decreased from 51.3% to 44.5% (6.89% reduction), and direct debt from 108.8% to 104.8% (4% reduction). Remaining debts: $239 million current, $1.14 billion former, $710 million from previous, $150.4 million from Nasheed/Waheed.

President Dr. Mohamed Muizzu said his government has paid more debt in 2.5 years than previous two governments in five years. The current administration repaid USD 1.29 billion, including $4.9 million of its own loans, $891 million from the previous government, $195 million from before that, $62.5 million from Nasheed and Waheed, and $38.1 million from Maumoon. External debt as percentage of GDP decreased from 51.3% to 44.5% (6.89% reduction), and direct debt from 108.8% to 104.8% (4% reduction). Remaining debts: $239 million current, $1.14 billion former, $710 million from previous, $150.4 million from Nasheed/Waheed.

President Dr. Mohamed Muizzu said his government has paid more debt in 2.5 years than previous two governments in five years. The current administration repaid USD 1.29 billion, including $4.9 million of its own loans, $891 million from the previous government, $195 million from before that, $62.5 million from Nasheed and Waheed, and $38.1 million from Maumoon. External debt as percentage of GDP decreased from 51.3% to 44.5% (6.89% reduction), and direct debt from 108.8% to 104.8% (4% reduction). Remaining debts: $239 million current, $1.14 billion former, $710 million from previous, $150.4 million from Nasheed/Waheed.

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