Maldives issues sovereign guarantee for US$370 million Chinese loan
The Maldives has issued a sovereign guarantee for a US$370 million (MVR5.6 billion) loan for the development of 7,000 housing units in the capital’s suburb Hulhumalé. The development of the housing units, by China Construction Company Limited, is financed by the Industrial Commercial Bank of China. The government’s decision to issue a sovereign guarantee for […]