Kuwait Fund grants USD 50M loan for VIA expansion

3 weeks ago

Kuwait Fund has granted an additional USD 50 million loan to Maldives for its project to expand and upgrade Velana International Airport. The loan agreement was signed by Maldivian Finance Minister Ibrahim Ameer and Kuwait Fund’s Deputy Director General for Admin and Finance Affairs, Nedhal A Al-Olayan on Monday morning. According to Finance Ministry, the Kuwait Fund, under Monday’s agreement, will loan