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A digest of news and opinion from the Maldives.

Opec Fund for International Development (OFID)

OPEC Fund Pledges USD 20 Million Emergency Loan To Maldives

OPEC Fund Pledges USD 20 Million Emergency Loan To Maldives

By Maldives Times 2 min read

To support the government of the Maldives’ Economic Recovery Plan that includes a package of economic relief measures aimed at mitigating the socio-economic impact of the COVID-19 pandemic, especially in light of the anticipated downturn in tourism, OPEC has pledged to grant USD 20 million emergency loan to the Maldives. The OPEC Fund for International […]

Hefty loans from everywhere: All payable?

Hefty loans from everywhere: All payable?

By Marco Robinson 3 min read

The original Dhivehi article was published on Avas.mv website on 11th October 2017. The following is a loose translation: In contrast to neighbouring countries, Maldives economy is small. The income generating resources are also less. The entire economy is dependent on tourism. Therefore, in order to broaden the economy, the government started several initiatives. Likewise, […]