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A digest of news and opinion from the Maldives.

Covid-19 Relief loans

MVR 264.6 Million Disbursed as Income Support Allowance

MVR 264.6 Million Disbursed as Income Support Allowance

By Maldives Times 1 min read

The government has issued over MVR 264.6 million as income support allowance for those affected by the Covid-19 pandemic. According to the Ministry of Finance, income support allowance was disbursed to 17,710 individuals by 28th January 2021. The income support allowance scheme was introduced by the government in May 2020, as a relief for individuals […]

Covid Relief Loans Worth MVR 578 Million Issued to Large-Scale Businesses

Covid Relief Loans Worth MVR 578 Million Issued to Large-Scale Businesses

By Maldives Times 2 min read

Bank of Maldives (BML) has issued over MVR 578.5 million in loans to large-scale businesses struggling to mitigate the financial impact of the COVID-19 pandemic. Statistics released by the Finance Ministry show that MVR 578.5 million and USD 8 million in loans to 422 large-scale businesses were issued through BML as of 30th December 2020. […]