'Govt using SOE to hide true cost of refinancing sukuk'

3 days ago

Former finance minister Ibrahim Ameer has accused President Dr. Mohamed Muizzu’s administration of attempting to channel borrowing through a State-Owned Enterprise in order to hide the true cost of refinancing the USD 500 sukuk that’s due in April. The Maldives has a staggering USD 1.1 billion in debt repayments due this year, including a USD 500 million sukuk and another USD