ADB to provide USD 50M loan to purchase fuel

1 week ago

The Government of Maldives and the Asian Development Bank (ADB) on Sunday signed an agreement for a USD 50 million (MVR 772.5 million) loan to facilitate the procurement of essential fuel for the Maldives. The main agreement was signed by Finance Minister Hassan Zareer on behalf of the Maldivian government, while State Trading Organization (STO)’s Managing Director Shimad Ibrahim signed the