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New SDF Bill Proposes Governance Council, Legal Mechanisms to Regulate Use
A newly proposed Sovereign Development Fund (SDF) Bill has been sent to Parliament by the Muizzu administration, the first bill it introduces for legislative consideration, seeking to establish rules for the fund's utilisation, management duties and auditing. The bill proposes a Governance Council appointed by the President, sources of contributions, an SDF Administration Office at the Ministry of Finance, and quarterly and annual reporting.
Sources1carried itMR1 of 19 news outlets we monitor
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Wed 30 DecThe accumulated SDF funds were converted to Maldivian Rufiyaa.on 30 December 2020only Maldives Republicthe accumulated funds converted to Maldivian Rufiyaa on 30 December 2020 under the Ibrahim Mohamed Solih administration.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
“The budget and financial statements show that the country’s situation is deteriorating. Cash flow cannot be managed during the month of a loan repayment. Loan repayments are done by withholding payments to contractors… For the fund to ope…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Other events named
no clear day, as worded
A newly proposed Sovereign Development Fund (SDF) Bill was sent to Parliament for legislative consideration.Maldives RepublicA newly proposed Sovereign Development Fund (SDF) Bill sent to Parliament stipulates that funds from the SDF can only be utilised as reflected within the nation’s annual budget
Word for word from the report in Maldives Republic. Open the report
