The Sovereign Development Fund (SDF) has recorded a notable rise in its reserves this year, with total deposits reaching USD 103.4 million, according to the Ministry of Finance and Planning’s latest Weekly Fiscal Development Report.
The figure marks a 45 percent increase compared to the USD 71.3 million accumulated during the same period last year, reflecting renewed momentum in national reserve-building efforts.
Alongside the strong performance of the SDF, the government has also intensified its debt repayment activities. Total loan repayments now stand at USD 285.3 million so far this year, up 120 percent from the USD 129.7 million spent over the same period in 2024.
The government’s focus on strengthening the SDF while accelerating debt servicing highlights a broader strategy aimed at fiscal stability and long-term economic resilience.
Established in 2016, the SDF plays a key role in supporting the Maldives’ financial sustainability. The fund is designed to meet external debt obligations, finance critical development projects, and provide a buffer against unexpected economic shocks. It operates separately from the Maldives Monetary Authority’s official reserves.
Revenue for the fund primarily comes from airport development fees charged to departing passengers, dividends from Maldives Airports Company Limited (MACL), and enhanced fees for select airport services.
