Maavah MP Mohamed Saeed has said that the development speed of the Maldives have to a halt.

Saeed, who served as the Economic Minister for former President Abdulla Yameen said in response to the Finance Ministry's claims that MVR 570 million had been deposited to the Maldives Sovereign Development Fund (SDF), that the fund was created by President Yameen in a bid to save Maldives from the debt incurred through the speedy development projects that the island nation had carried out.

He further added that the Maldivian history will stand witness to the hard work of President Yameen the past five years in order to recover the lost development of the country. He noted that it was rather sad to see the speedy development from 2013 to 2018 come to a halt.

Weekly statistical data released by the Finance Ministry yesterday revealed that MVR 570 million had been deposited to the Sovereign Development Fund out of the MVR 705.6 million that has been set as the goal.

The SDF was created by the government to be put in use in case of an emergency or to pay off loans that are taken in order to carry out major developmental projects in the Maldives.