The Government of India today, handed over US$250 million to the Government of Maldives as financial assistance to support the economic challenges arising from the outbreak of the COVID-19 pandemic.
Minister of Finance Ibahim Ameer has presented the 2021 proposed budget for the People’s Majlis today. The projected total budget for 2021 for the government is MVR 34,787,720.151.
The Government of the Republic of Maldives and the Export-Import Bank of India (EXIM India), has today signed a Loan Agreement for an amount of USD 400,000,000 (United States Dollar Four Hundred Million) for the purpose of financing the Greater Male’ Connectivity – Male’ to Thilafushi Link Project.
The Government of the Republic of Maldives and the Japan International Cooperation Agency (JICA), has today signed a Loan Agreement for an amount of ¥5,000,000,000 (Five Billion Japanese Yen) for the purpose of supporting the Government of Republic of Maldives in COVID-19 crisis response.