This milestone reflects the continued commitment of the MMA, acting as fiscal agent on behalf of the Government, to ensure the timely servicing of the country’s external obligations and to safeguard macroeconomic stability.
Sun.mv
The Maldives Monetary Authority (MMA) completed the settlement of the USD 500 million Sukuk on 2nd April 2026, including the associated coupon payments.
This milestone reflects the continued commitment of the MMA, acting as fiscal agent on behalf of the Government, to ensure the timely servicing of the country’s external obligations and to safeguard macroeconomic stability. The settlement was met through a combination of official reserves and the Sovereign Development Fund, reflecting continued coordination between the Government of Maldives and the MMA in ensuring the timely servicing of external obligations.
Recent policy measures, including the enactment of the Foreign Currency Act together with other strategic reforms implemented in close coordination with the Government, have played a key role in strengthening the foreign exchange reserves and supporting the management of external obligations. The MMA reaffirms its commitment to maintaining monetary and financial stability, ensuring adequate liquidity in the domestic foreign currency market, and continuing to implement prudent policies that support sustainable economic growth.
Close coordination with the Government will remain a priority to further strengthen external buffers in the period ahead.
