Covid relief financing

Over MVR 240 Million Issued as Income Support Allowance

By Maldives Times January 18, 2021 2 min read

The Ministry of Finance has revealed that MVR 242.3 million has been spent as income support allowance to individuals whose jobs have been affected by the prevalent COVID-19 pandemic. According to the statistics revealed by the Ministry, 17,410 citizens have received income support allowance provided by the government. Income support is given at the rate […]

Bank of Maldives to Offer COVID-Relief Financing for SMEs Through Support from EIB

By Maldives Times November 12, 2020 2 min read

Bank of Maldives has announced additional COVID-relief support for Small to Medium Enterprises (SMEs) through funding from the European Investment Bank (EIB). Following the impact of COVID on the local economy, EIB approved the funding and signed a EUR 20 million loan agreement with the Ministry of Finance and Bank of Maldives in June 2020 […]