Maldives to receive US$ 20 Million loan assistance from OFID

The government would receive an emergency loan assistance from OPEC fund for development for 20$ Million dollars.

OFID stated that loan is extended to assist economic loses faced from tourism due to COVID-19 Pandemic. The loan assured additional grant assistance as well.

While the government struggles to find ways to gain revenue during these uncertain times. The government has noted that it would speaking with other external parties to get grants and loans. Most recently 3 Million Euro grand was provided by the European Union to assist the Maldives.

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