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Utilise the sukuk funds to finance resort development in the northern Maldives to increase bed capacity in the region
PromisedMedium impact
Where it stands todayNo news yet. It stays “Promised” until an article or an official page shows a change.Since 2 November 2026
The story so far
Newest first
PromisedWhere it was made
The promise was made
Key numbers in the article
$300 million Sukuk size sought by BML10 percent of GDP Previous guaranteed debt reduction targetbelow 15 percent of GDP Revised guaranteed debt target
Exact words from the article
“The government plans to utilise these funds to finance resort development in the northern Maldives. The budget highlights that this capital will be used to increase bed capacity in the region, thereby expanding economic activity and employment opportunities in the north.”