According to the latest statistics from the Ministry of Finance, deposits into the Sovereign Development Fund (SDF) have reached MVR 1.2 billion as of the 16th of this month. This represents a 9% increase compared to the same period last year. Despite the growth in fund deposits, the state’s expenditure on debt servicing has surged by 190% over the previous year, totaling MVR 9.3 billion. Notably, the government utilized resources from this fund to facilitate the repayment of a USD 500 million loan earlier this year. Established in 2016, the SDF is primarily financed through the Airport Development Fee (ADF), dividends from the Maldives Airports Company Limited (MACL), and revenues generated from various airport services.
