Govt loans at MVR 8 bln in 2019: Finance Ministry

Ministry of Finance revealed that the government took five major loans between January and September 2019, amounting to a total of MVR 8.2 billion (USD 530.1 million).

Featured Image

The Ministry of Finance in the capital city of Male'. PHOTO: MIHAARU

Mariyam Malsa

2020-02-19 10:59:58

Ministry of Finance revealed that the government took five major loans between January and September 2019, amounting to a total of MVR 8.2 billion (USD 530.1 million).

As per the statistics, the largest proportion of the aforementioned loans were withdrawn from India's Export Import Bank (EXIM) Bank. The state acquired the MVR 7.7 billion (USD 500 million) loan in March 2019.

This article is in our Archive

Login to read for free! Register to create an account