世界银行：2025年10月马尔代夫发展更新报告（英文版）

Maldives remains at high risk of debt and liquidity distress despite temporary improvements in fiscal and reserve indicators. Foreign exchange (FX) liquidity pressures have intensified, and there is increasing evidence of FX shortages for the private sector. Debt service obligations are high in the short to medium term, elevating solvency risks, with a sovereign Sukuk bullet repayment of US$500 million due in April 2026. Financing sources are constrained amid cr