The Maldives’ sovereign USD‑denominated Sukuk rose sharply to USD 87.44 on 7 July 2025, climbing from USD 64.72 in early April—a clear signal of renewed international confidence in the nation’s financial stewardship.
A string of timely fiscal decisions underpins this notable recovery. In March 2025, the government fulfilled a major repayment to a private creditor, followed in April by the settlement of the Sukuk coupon—estimated at USD 25 million—demonstrating its unwavering commitment to debt servicing.
The Ministry of Finance emphasized that these proactive steps sent a powerful message to global markets about the Maldives’ reliability as a borrower and its readiness to meet financial obligations.
Further fueling optimism, officials cite ongoing strategic discussions with key bilateral partners aimed at securing a refinancing package, reinforcing perceptions of long-term fiscal resilience.
The sharp rise in Sukuk value reflects market endorsement of the government’s policies. The upward trajectory confirms international investors’ assessment that the Maldives is bolstering its economic fundamentals and managing its debt profile responsibly.
As the nation advances toward maturities in its Sukuk portfolio, the sustained price strength enhances its capacity to secure refinancing under favorable terms. In turn, this supports the Finance Ministry’s objective of maintaining fiscal discipline and strengthening global integration.
