Maldives to loan MVR 7.71 mln to resorts, MVR 1 mln to businesses

The government will issue loans up to MVR 7.71 million to tourist resorts and MVR 1 million to all other businesses under its COVID-19 Economic Relief Package.

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Finance Minister Ibrahim Ameer speaks at the NEOC press conference about the COVID-19 Economic Relief Package. PHOTO/MIHAARU

Fathmath Shaahunaz

2020-04-08 13:56:41

The government will issue loans up to MVR 7.71 million to tourist resorts and MVR 1 million to all other businesses under its COVID-19 Economic Relief Package.

Ministry of Finance publicised on Tuesday night the details of the administration's stimulus package to offset the effects of the coronavirus pandemic on the Maldivian economy.

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