The Ministry of Finance has opted against granting a government sovereign guarantee for a USD 165 million (MVR 2.5 billion) loan intended for the development of a resort by renowned businessman and People's Majlis member for Meedhoo, Ahmed Siyam Mohamed.
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Siam: The government has decided not to provide sovereign guarantee for a MVR 2.5 billion loan taken by his company. Photo - Mihaaru
Anaan Bushry
2024-08-06 16:23:36
The Ministry of Finance has opted against granting a government sovereign guarantee for a USD 165 million (MVR 2.5 billion) loan intended for the development of a resort by renowned businessman and People's Majlis member for Meedhoo, Ahmed Siyam Mohamed.
According to 'Mihaaru', this decision was reached by the Finance Ministry earlier this week.
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