OFID grants USD40 million loan to Maldives

The OPEC Fund for International Development (OFID) has granted a loan of USD 40 million (MVR 616.8 million) to the Maldives.

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Housing Minister Dr. Mohamed Muizzu (L) and Environment Minister Thoriq Ibrahim speak at press conference about the USD 40 million loan granted by OPEC Fund for International Development to the Maldives. PHOTO/MIHAARU

Fathmath Shaahunaz

2018-07-16 18:25:50

The OPEC Fund for International Development (OFID) has granted a loan of USD 40 million (MVR 616.8 million) to the Maldives.

In a press conference held Monday, Minister of Environment and Energy Thoriq Ibrahim revealed that the loan would be used to finance three sectors of the regional airport mandate, which is managed under the environment ministry, Ministry of Tourism, and Ministry of Housing and Infrastructure.

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