President Dr. Mohamed Muizzu has emphasized that settling state debt is not an objective solely for the benefit of the administration, but a vital matter closely tied to the livelihoods of citizens and the nation’s sovereignty. The President highlighted that fulfilling debt obligations is essential to sustaining economic independence, fostering international investor confidence, and bolstering the nation’s foreign currency reserves.
In response to remarks by certain political figures, the President cautioned that neglecting debt commitments could trigger a significant economic downturn and jeopardize national independence. Consequently, the government’s strategic focus remains on managing debt prudently to reduce the per capita debt burden and safeguard the nation’s economic autonomy.
