USD 50 million loan taken through STO as budget support

As budget support for managing government expenses, a USD 50 million (MVR 771 million) loan has been taken through STO from an American company.

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Zameer

Mariyath Mohamed

2025-01-20 10:19:47

As budget support for managing government expenses, a USD 50 million (MVR 771 million) loan has been taken through STO from an American company.

As seen in the statistics shared by the Finance Ministry, the loan was taken on November 8, 2024 from USA's Cargill Financial Service International (CFSI).

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