MMA urges sukuk sale to tackle 2026 debt

1 week ago

The Maldives Monetary Authority (MMA) has advised the government to fast-track the sale of sukuk or bonds and restructure state expenditure to meet next year’s record debt obligations. The government has proposed a record budget of MVR 64.2 billion for 2026, an increase of MVR 7.6 billion compared to this year’s MVR 56.6 billion budget. Debt repayments alone will cost USD 1.1