The article reports that the Maldives' Sovereign Development Fund grew from USD 2 million in November 2023 to USD 121 million as of April 30, 2025, a 37% increase year-on-year, alongside rising foreign exchange reserves and a preliminary first-quarter budget surplus. It notes that 85% of the fund is invested in Treasury Bills and that the SDF helps meet about USD 1 billion in debt repayments due next year.
One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
the SDF had dwindled to a mere USD 2 million by the time President Muizzu assumed office on November 17, 2023.
Word for word from the report in The Standard. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
However, as of April 30, 2025, the fund has impressively expanded to USD 121 million, reflecting a 37% increase compared to the same period last year .
Word for word from the report in The Standard. Open the report
Earlier reports gave US$65 million 21 Aug, 16:42 Maldives Republic
the SDF had dwindled to a mere USD 2 million by the time President Muizzu assumed office on November 17, 2023.
Word for word from the report in The Standard. Open the report
the fund has impressively expanded to USD 121 million, reflecting a 37% increase compared to the same period last year .
Word for word from the report in The Standard. Open the report
President Muizzu’s administration has strategically invested 85% of the SDF in Treasury Bills, ensuring both liquidity and growth of the fund .
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As of March 2025, official foreign exchange reserves have risen to USD 791 million, a significant recovery from the USD 371 million recorded in September 2024 .
Word for word from the report in The Standard. Open the report
official foreign exchange reserves have risen to USD 791 million, a significant recovery from the USD 371 million recorded in September 2024 .
Word for word from the report in The Standard. Open the report
the administration achieved a preliminary budget surplus of MVR 1.9 billion in the first quarter of 2025, underscoring the effectiveness of its fiscal policies.
Word for word from the report in The Standard. Open the report
As the Maldives prepares to meet approximately USD 1 billion in debt repayments next year, the strengthened SDF provides a reassuring cushion
Word for word from the report in The Standard. Open the report
Established in 2017 to safeguard the nation's financial future and ensure timely debt repayments, the SDF had dwindled to a mere USD 2 million by the time President Muizzu assumed office on November 17, 2023.
Word for word from the report in The Standard. Open the report
While Fitch Ratings downgraded the Maldives’ credit rating to ‘CC’ in August 2024 due to previous economic challenges, the bolstered SDF has been a critical factor in stabilizing the nation’s financial outlook .
Word for word from the report in The Standard. Open the report
