SOGEI website background

Maldive debt sustainability assessment

Maldive debt sustainability assessment

Maldives’ public and publicly-guaranteed (PPG) debt stood at 76.9% of gross domestic product (GDP) in 2019. Half of public debt is domestic and denominated in local currency. Domestic debt is held largely by the national pension (42%), commercial banks (36%), and the central bank (21%). The most recent staff report for Rapid Credit Facility (RCF) request by the International Monetary Fund (IMF) published in April 2020 finds Maldives’ public debt to be sustainable, albeit with a weak debt-carrying capacity and at a high risk of debt distress. […]