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A digest of news and opinion from the Maldives.

COVID-19 Emergency Relief Fund

Economic Relief Package to Grant Each Resort MVR 7.7 Million as Loan

Economic Relief Package to Grant Each Resort MVR 7.7 Million as Loan

By Maldives Times 2 min read

Ministry of Finance has announced that each resort will be given MVR 7.7 million loans as per the economic relief package introduced by the government to mitigate the economic downfall with regard to COVID-19 pandemic. The government has implemented 7 key stimulus packages to combat the economic impact of COVID-19 crisis. This includes: Loans as […]

Government to Open Application for Loan Under Relief Plan

Government to Open Application for Loan Under Relief Plan

By Maldives Times 1 min read

The COVID-19 pandemic has caused a global crisis, and to help businesses in the Maldives, the government has initiated a relief plan. From 8th March onwards government has opened to submit the application for loans under the relief plan. Finance ministry has revealed that this loan will have a 6% interest rate with a grace […]