Will continue to implement economic reforms: Finance Ministry

The government’s external debt service is projected at USD 600 to 700 million in 2025 and approximately USD 1 billion in 2026, including the USD 500 million sukuk maturing in April 2026.

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Minister of Finance Moosa Zameer speaks in parliament -- Photo: Parliament

Malika Shahid

2024-12-04 11:14:45

The government has acknowledged the risks highlighted by Moody's and reaffirmed its commitment to implementing planned fiscal consolidation measures to mitigate challenges in the fiscal and external sectors.

Global credit rating agency Moody’s has maintained the Maldives’ credit rating at Caa2, acknowledging the government’s ongoing financial and economic reforms aimed at stabilizing the country’s economy.

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