Loans

Concern over Maldives mounting debt to China

The three largest Chinese projects in the Maldives are said to be worth $1.5 billion.

Yameen defends rising debt

President Abdulla Yameen hit back at opposition criticism over rising national debt, defending the loans taken by his four-year administration as necessary for development.

National bank slashes interest rates on some loans

The Bank of Maldives has announced plans to slash interest rates on housing and personal loans and has launched a new loan scheme to encourage investment in green technologies.

Parliament removes its requirement to authorise government loans

Government hampered by “restrictive” public finance law, says President Yameen

Finance Ministry’s MVR 300 million budget-support loan “illegal”

Majlis approves US$11,122,700 loan for Fuvahmulah water and sewerage

Budget shortfall leads Maldives to seek $US29.4 million Bank of Ceylon loan

MTCC and government finalising agreement for construction of 22 harbours

Education Ministry warns of student loan shortage

India grants further US$25million to Maldives

Civil servants to receive Rf150,000, scholarships, SME loans for voluntary redundancy