Sovereign Fund to rise above USD 500M by 2022

1 month ago

The Sovereign Development Fund, formed by Maldivian government in 2017, is estimated to rise above USD 500 million by 2022, says Ministry of Finance and Treasury. The fund was formed to utilize if the government faces difficulty in repaying loans taken for major development projects or in cases of economic crisis. “The fund will be used as the last option. For instance,