As of March 19th this year, the Sovereign Development Fund (SDF) has recorded an inflow of MVR 425.1 million, marking an 8.6% increase compared to the same period last year. While MVR 809.6 million has been utilized for debt servicing so far this year, the government’s strategic objective is to strengthen the SDF framework to facilitate debt repayment without resorting to additional borrowing. Established in 2016, the fund is primarily financed through Airport Development Fees, dividends from MACL, and revenue generated from various airport services. The SDF serves as a dedicated reserve managed specifically for emergency contingencies and the repayment of substantial long-term loans.
