No details on Maldives ‘US$40 mn loan’ from OPEC body
The loan was announced hours after the EU said it was imposing sanctions on the Maldives.
14 Aug 2018, 9:00 AM
The Maldives government has been unable to answer basic questions about a US$40 million loan, including when it was granted and if the money is in place, despite ministers announcing it a month ago.
On July 16, hours after the European Union said it was imposing sanctions on the Maldives over human rights abuses, two ministers said the country was getting a US$40 million loan from the OPEC Fund for International Development (OFID).
There was no record of a new US$40 million loan at the time of going to press from OFID, which did not confirm or deny the funding existed.
OFID’s full response to the Maldives Independent’s questions about the ministers’ remarks can be found at the bottom of this article.
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