The State Trading Organisation plans to cover labour and transportation costs.
India's reduction of the quota allocations of staple foodstuff to the Maldives sparked fears of price hikes.
The loan is intended to "compensate the challenges faced by fishermen of the skipjack tuna industry and pave the way for modern development of the fisheries...
President Abdulla Yameen has decided to bring the debt-ridden and loss-making state-owned Maldives Industrial Fisheries Company under the umbrella of the behemoth State Trading Organisation.
