President Muizzu says $526m sukuk cleared without asset sales, key state properties secured

President Dr Mohamed Muizzu announced that the Maldives has successfully repaid a USD 526 million sovereign sukuk without selling state assets or taking on new high-interest debt. Speaking in AA. Rasdhoo, he said repayment was achieved through domestic financial capacity, safeguarding assets including Dharumavantha Hospital, the Ministry of Finance complex, Indira Gandhi Memorial Hospital land, and Iskandhar School premises. Muizzu stated that official records from the Maldives Monetary Authority and Ministry of Finance verify the claim, dismissing opposition criticism. He added that the administration avoided defaulting on international obligations and is working to pay local businesses. Contractor financing schemes via Bank of Maldives have funded projects worth billions of rufiyaa.

President Dr Mohamed Muizzu announced that the Maldives has successfully repaid a USD 526 million sovereign sukuk without selling state assets or taking on new high-interest debt. Speaking in AA. Rasdhoo, he said repayment was achieved through domestic financial capacity, safeguarding assets including Dharumavantha Hospital, the Ministry of Finance complex, Indira Gandhi Memorial Hospital land, and Iskandhar School premises. Muizzu stated that official records from the Maldives Monetary Authority and Ministry of Finance verify the claim, dismissing opposition criticism. He added that the administration avoided defaulting on international obligations and is working to pay local businesses. Contractor financing schemes via Bank of Maldives have funded projects worth billions of rufiyaa.

President Dr Mohamed Muizzu announced that the Maldives has successfully repaid a USD 526 million sovereign sukuk without selling state assets or taking on new high-interest debt. Speaking in AA. Rasdhoo, he said repayment was achieved through domestic financial capacity, safeguarding assets including Dharumavantha Hospital, the Ministry of Finance complex, Indira Gandhi Memorial Hospital land, and Iskandhar School premises. Muizzu stated that official records from the Maldives Monetary Authority and Ministry of Finance verify the claim, dismissing opposition criticism. He added that the administration avoided defaulting on international obligations and is working to pay local businesses. Contractor financing schemes via Bank of Maldives have funded projects worth billions of rufiyaa.

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