World Bank: Maldives' domestic debt reaches 68 percent of GDP

According to World Bank report titled Seeking Stability in Turbulent Times, Maldives has sold MVR 64 billion worth of Treasury Bills (T-bills) through the financial sector, contributing to a significant rise in domestic debt, which has now reached 68 percent of GDP.

The report highlights that T-bills sold to banks and pension funds have increased, alongside MVR 5.9 billion in loans issued to state-owned companies.