Speaking at the Parliament's Budget Committee meeting, Finance Minister Moosa Zameer addressed concerns raised by the Maldives Monetary Authority (MMA) over future debt repayment challenges.

Zameer noted that a significant portion of the Maldives' debt is owed to individual countries, making it primarily bilateral, which he believes allows for more flexible repayment terms through strong diplomatic relations.

The minister also revealed that discussions are underway to refinance USD 1.5 billion of the country’s debt, although he did not specify the party involved in the negotiations. Minister Zameer expressed optimism that these talks would bring positive results for managing the nation’s debt.