Discussions to refinance USD 1.5 billion debt underway: Minister Zameer

Minister Zameer assured that budget refinancing discussions are underway and will likely be fruitful.

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Finance Minister Moosa Zameer at the Parliament's Budet Committee meeting -- Photo: Nishan Ali | Mihaaru

Ameera Osmanagic

2024-11-14 20:18:44

Discussions are underway to refinance the USD 1.5 billion debt owed by Maldives to other countries, said Finance Minister Moosa Zameer today.

This comes as concerns over sustainable repayment of debts were shared by central bank Maldives Monetary Authority (MMA) and the Auditor General's Office at the Parliament's Budget Committee today.

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