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A digest of news and opinion from the Maldives.

World Bank Group

IFC Investment in Bank of Maldives to Support Tourism Sector

IFC Investment in Bank of Maldives to Support Tourism Sector

By Maldives Times 3 min read

IFC, a member of the World Bank Group, is investing up to $50 million in Bank of Maldives (BML) to provide financing for private sector companies and small and medium-sized businesses in the tourism sector, to help preserve jobs and combat the negative shocks of COVID-19 on the economy. The investment is set to be […]

IFC to Invest Millions of Dollars in the Maldives and Sri Lanka

IFC to Invest Millions of Dollars in the Maldives and Sri Lanka

By Maldives Times 2 min read

Washington DC, USA – March 4, 2017: IFC entrance with the sign of International Finance Corporation World Bank Group International Finance Corporation (IFC) to invest USD 175 million in the Maldives and Sri Lanka. The investment is on the international luxury brand, John Keells Holdings (JKH) for the development of supermarket chains operating in Sri […]