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A digest of news and opinion from the Maldives.

COVID-19 Recovery Scheme.

COVID-19 Stimulus Package Should Focus on Taking Care of Workers

COVID-19 Stimulus Package Should Focus on Taking Care of Workers

By Maldives Times 2 min read

In the last two months, its estimated that nearly 20,000 people have lost their jobs to either redundancy, no pay leaves or salary cuts. The main focus of COVID-19 stimulus packages should be to take care of workers. The biggest misstep will be allocating so much of the aid to financial rescues of large firms […]

BML to Administer Funds for the Government’s COVID-19 Recovery Scheme

BML to Administer Funds for the Government’s COVID-19 Recovery Scheme

By Maldives Times 1 min read

As part of the Government’s recovery plan due to the COVID-19 outbreak, Bank of Maldives has announced that it will support the Ministry of Finance in the implementation of the COVID-19 Recovery Scheme. This scheme allows individuals, cooperatives and businesses financially affected by the COVID-19 pandemic to apply for financing to meet working capital requirements. […]