Expedite measures for debt management: World Bank

The state debt currently stands at MVR 124 billion. The highest debt repayment is scheduled for 2026, where MVR 15 billion has to be repaid, marking the highest debt repayment in a single year in the Maldives' history.

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Malika Shahid

2024-02-07 15:48:50

The World Bank has called on Maldives to expedite measures to manage the country's debt.

In a press release following the World Bank delegation's four-day visit to the Maldives, it was highlighted that urgent measures are needed to contain untargeted spending, raise more revenues, and manage debt more prudently.

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