Deposits into the Sovereign Development Fund (SDF) rose by 50.3 per cent in the first half of 2025, reaching MVR 1.10 billion, as the Government prioritises fiscal resilience and prepares for upcoming external debt repayments. The Administration has also increased the proportion of foreign currency in the fund, reversing a previous trend of converting dollar holdings to local currency. Credit rating agencies Moody’s and Fitch have cited the strengthened SDF as a positive development, maintaining the Maldives’ credit rating amid cautious optimism over the country’s economic recovery.