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Maldives No Longer at Risk of Sovereign Default: Finance Minister
Finance Minister Moosa Zameer told parliament that the Maldives is no longer at risk of sovereign default, crediting reduced state expenditure, improved revenues and restructuring of debt repayments with ending speculation by the IMF and rating agencies. He said total debt stood at MVR 124.8 billion at the end of 2023 and was expected to reach MVR 146.6 billion by the end of 2024, equivalent to 117 percent of national productivity.
Sources1carried itMR1 of 19 news outlets we monitor
Figures5as written, with their sentences
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
Tue 3 DecFinance Minister Moosa Zameer answered questions from Members of Parliament during a sitting.Tuesday, 3 December 2024only Maldives RepublicFinance Minister Zameer answers questions from Members of Parliament during the sitting on Tuesday, 3 December 2024.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
However, the President has rescued the Maldives from that scenario by improving revenue streams and also rationalising expenditures and at the same time extending the terms of some of our debt by working bilaterally with friendly countries…
Now I don’t think anyone is talking. For example, yesterday the IMF, as did the rating agencies, said we should cut spending, but talk about the Maldives defaulting or going into insolvency has stopped,
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
MVR 124 billionstate debt when the administration took overMaldives RepublicWhen the administration took over, the state was facing a debt of MVR 124 billion, half of which was the debt of the previous administration and the other portion was the debt of the administration before that, Zameer said.
Word for word from the report in Maldives Republic. Open the report
MVR 124.8 billiontotal debtMaldives RepublicThe Maldives’ total debt, as of the end of 2023, stood at MVR 124.8 billion.
Word for word from the report in Maldives Republic. Open the report
MVR 146.6 billiontotal debt expected at year endMaldives RepublicWith the increases this year, debt is expected to rise to MVR 146.6 billion by the end of the year; a figure equivalent to 117 percent of national productivity.
Word for word from the report in Maldives Republic. Open the report
117 percentdebt as share of national productivityMaldives RepublicWith the increases this year, debt is expected to rise to MVR 146.6 billion by the end of the year; a figure equivalent to 117 percent of national productivity.
Word for word from the report in Maldives Republic. Open the report
MVR 150 billionestimated total debtMaldives RepublicTotal debt by the end of 2025 is estimated at MVR 150 billion.
Word for word from the report in Maldives Republic. Open the report
