President Dr. Mohamed Muizzu has announced that the current administration has successfully secured the necessary funds to repay outstanding debts, stating that the government is prepared to settle its obligations even if they were due tomorrow.

During a press conference held at the President's Office today, the President confirmed that the government has scheduled the repayment of the USD 500 million Sukuk for April 8th.

"We have saved over USD 650 million to settle [the Sukuk]. Therefore, after paying the USD 500 million Sukuk, we will still have a surplus of USD 150 million," the President stated.

The President detailed that out of the total funds exceeding USD 650 million, the Sovereign Development Fund (SDF) held more than USD 320 million as of last night. Additionally, the usable reserve contains over USD 330 million.

"As a result, we currently have more than USD 650 million in total savings," the President added.

Furthermore, the President highlighted that the Maldives' gross reserves have reached an unprecedented level in history, noting that the gross reserves now stand at USD 1.27 billion.

"The figure I mentioned in the Presidential Address was already a record. Now, the reserves have climbed even higher than that record," the President remarked.

The President emphasized that this strong financial position will provide significant relief in managing the potential economic impacts on the Maldives resulting from the ongoing conflict in the Middle East.