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Parliament Considers Government-Proposed SDF Bill

The government-proposed Sovereign Development Fund (SDF) Bill was introduced for Parliament's consideration on Wednesday, seeking to create a legal framework for the fund, define contributions and limit its use to two instances. The bill proposes a governing council chaired by the Minister of Finance and the MMA Governor, with the fund established at the Maldives Monetary Authority.

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  • 2017 year year the Sovereign Development Fund was established Maldives Republic The Sovereign Development Fund was established by President Abdulla Yameen Abdul Gayoom in 2017 to help pay off state debt.

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