President Dr. Mohamed Muizzu has announced that the government has settled a total of USD 924 million in debt within a 21-day period, describing the achievement as a key milestone in the administration’s fiscal management efforts.

Speaking at a press briefing held at the President’s Office of the Maldives, the President said the repayments included a USD 524 million sovereign sukuk cleared on 2 April and a USD 400 million currency swap repayment to India completed on 23 April.

He noted that both obligations were met without risking a sovereign default, pledging additional state assets, or placing further strain on already encumbered government resources.

Beyond external liabilities, President Dr. Muizzu highlighted ongoing efforts to reduce domestic debt.

He revealed that between November 2025 and 26 April 2026, the government settled approximately MVR 3.3 billion in outstanding payments owed to local vendors.

An additional MVR 260 million is expected to be disbursed before the end of the month.

The President reiterated that addressing both external and internal debt remains a priority for the administration, as part of broader efforts to strengthen economic stability and protect national interests.