Economy Economy / finance Maldives Impact 8.0/10 2 min read

37% Surge in Sovereign Fund Under President Muizzu

President Muizzu's administration grew the Sovereign Development Fund (SDF) from USD 2 million (when he took office on Nov 17, 2023) to USD 121 million as of April 30, 2025, a 37% increase from the same period last year. The fund is supported by airport development fees and service charges at Velana International Airport, with 85% invested in Treasury Bills. Official reserves rose to USD 791 million by March 2025 from USD 371 million in September 2024. A preliminary budget surplus of MVR 1.9 billion was achieved in Q1 2025.

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May 17, 2025

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President Muizzu's administration grew the Sovereign Development Fund (SDF) from USD 2 million (when he took office on Nov 17, 2023) to USD 121 million as of April 30, 2025, a 37% increase from the same period last year. The fund is supported by airport development fees and service charges at Velana International Airport, with 85% invested in Treasury Bills. Official reserves rose to USD 791 million by March 2025 from USD 371 million in September 2024. A preliminary budget surplus of MVR 1.9 billion was achieved in Q1 2025.

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