The Maldives' Sovereign Development Fund stood at MVR 7.4 billion at the end of September 2023, and the Ministry of Finance estimates it will reach MVR 9.7 billion by the end of 2024. The 2024 National Budget provides that funds will be withdrawn from the SDF to repay part of the national debt, with MVR 3.8 billion transferred towards budget financing in 2025 and 2026.
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The Maldives' Sovereign Development Fund (SDF) stood at MVR 7.4 billion at the end of September this year, according to the Ministry of Finance.
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The ministry has estimated that the fund is expected to reach a total of MVR 9.7 billion by the end of 2024
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The fund has already received MVR 4 billion from airport development fees, MVR 1.4 billion from cross-subsidies, and an additional MVR 2 billion from other sources.
Word for word from the report in Maldives Republic. Open the report
The fund has already received MVR 4 billion from airport development fees, MVR 1.4 billion from cross-subsidies, and an additional MVR 2 billion from other sources.
Word for word from the report in Maldives Republic. Open the report
The fund has already received MVR 4 billion from airport development fees, MVR 1.4 billion from cross-subsidies, and an additional MVR 2 billion from other sources.
Word for word from the report in Maldives Republic. Open the report
The fund will transfer MVR 3.8 billion towards budget financing in 2025 and 2026.
Word for word from the report in Maldives Republic. Open the report
