Bill proposed to form a governing council and office dedicated to SDF

The SDF bill stipulates the establishment of a governing council to oversee the fund. Additionally, an office must be set up to conduct all related administrative work.

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Ministry of finance

Mariyath Mohamed

2024-02-29 09:51:52

The government has submitted a bill related to the Sovereign Development Fund (SDF) to parliament.

The SDF was first established in 2017 under a Presidential decree as a fund to finance the repayment of large external debts. It has since also been used for the dual purpose of credit enhancement in economic crises.

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