Government borrows US$52m for ‘short-term financing’

The loan was taken from the Bank of Maldives on March 28 to settle unpaid bills and “manage cash flow,” according to information shared by the finance ministry with parliament’s public accounts committee.

Maldives obtains US$20m from Saudi Arabia to manage cash flow

Vice President departs on official visit to Qatar and Kuwait

Indian Prime Minister extends invitation to President Yameen

India calls in debts of US$100 million; “not a major concern” says Finance Minister