HDC receives sovereign guarantee for MVR 200m loan

6 days ago

The government has issued sovereign guarantee for a MVR 200 million loan taken by the Housing Development Corporation (HDC) from Habib Bank. The MVR 200 million loan was apparently taken for a shore protection project in K. Thilafushi. The Parliament’s Public Accounts Committee convened for a meeting on Tuesday to discuss a letter sent by the Finance Ministry regarding the state of