The Finance Ministry has said MVR 24 billion in state-borrowed loans have yet to be received.
According to the ministry's debt statistics for the first quarter of this year, a total of MVR 24.2 billion from foreign loans has not yet been received.
Of this amount, 64.9 percent, or MVR 15.7 billion, is outstanding from the Export-Import Bank of India (Exim Bank). Additionally, MVR 1.59 billion from loans borrowed from the Saudi Fund for Development (SDF) and MVR 1.8 billion from loans borrowed from the International Development Association (IDA) had not been received by the end of the first quarter.
According to finance data, the government debt stood at MVR 126 billion at the end of the first quarter of this year. Of this, MVR 74.5 billion is internal debt and MVR 51.6 billion is external debt.
