Parliament Considers Government-Proposed SDF Bill
The Sovereign Development Fund (SDF) Bill, introduced in Parliament, aims to create a legal framework for the SDF, limiting its use to repaying national debt in case of default and covering unforeseen deficits from economic shocks. Contributions include airport development fees, 10% of SOE dividends, sovereign guarantee fees, and other funds determined by the President. The fund will be administered by a governing council composed of finance officials, the MMA governor, a public member, and others. The SDF was originally established by President Yameen in 2017. The bill proposes that the fund be dissolved only by the President with parliamentary consent.
The Sovereign Development Fund (SDF) Bill, introduced in Parliament, aims to create a legal framework for the SDF, limiting its use to repaying national debt in case of default and covering unforeseen deficits from economic shocks. Contributions include airport development fees, 10% of SOE dividends, sovereign guarantee fees, and other funds determined by the President. The fund will be administered by a governing council composed of finance officials, the MMA governor, a public member, and others. The SDF was originally established by President Yameen in 2017. The bill proposes that the fund be dissolved only by the President with parliamentary consent.
Low Confidence
Score: 0.50
The Sovereign Development Fund (SDF) Bill, introduced in Parliament, aims to create a legal framework for the SDF, limiting its use to repaying national debt in case of default and covering unforeseen deficits from economic shocks. Contributions include airport development fees, 10% of SOE dividends, sovereign guarantee fees, and other funds determined by the President. The fund will be administered by a governing council composed of finance officials, the MMA governor, a public member, and others. The SDF was originally established by President Yameen in 2017. The bill proposes that the fund be dissolved only by the President with parliamentary consent.
This story involves 1 source and may affect public understanding of economy / sovereign fund.
Angle: Primary coverage
Focus: Parliament Considers Government-Proposed SDF Bill
Unique detail: Parliament Considers Government-Proposed SDF Bill
Initial report published
Maldives Republic
Official government or institutional statement
Further reporting from additional sources
Public and social media reaction
Related policy or operational changes
A
Scope changes for Maldives International Financial Centre project
S
Customs study finds sea export clearance takes an average of 10 days, 10 hours
P
Zakat al-Mal collections spike 73% in May as annual revenues rise
P
Government plans additional affordable housing project with BML subsidiary
A
Scope changes for Maldives International Financial Centre project
Adhadhu English · 4 hours, 42 minutes ago
S
Customs study finds sea export clearance takes an average of 10 days, 10 hours
Sun English Edition · 23 hours, 39 minutes ago
P
Zakat al-Mal collections spike 73% in May as annual revenues rise
PSM News · 1 day, 10 hours ago
P
Government plans additional affordable housing project with BML subsidiary
PSM News · 1 day, 10 hours ago