The Edition


Govt working to raise funds for PSIP in India: Finance Minister

26 November 2018, MVT 13:27
The ambassadors from the new government on their first trip to India. PHOTO: MIHAARU
26 November 2018, MVT 13:27

The Minister of Finance and Treasury Ibrahim Ameer stated their intent to raise funds for the Public Service Investment Programme (PSIP) projects and the state budget during their ongoing official trip in India.

Ameer revealed to local media Mihaaru on Monday, that discussions with the Indian officials regarding the current situation they have commenced.

According to Ameer, the current government will be mainly focusing on preserving the environment and proper sewerage systems in the islands of the Maldives, under the PSIP projects.

Financial aid amounting to USD 87 million (MVR 1.3 billion) is estimated to be included in the following year’s state budget. Ameer has expressed his high hopes for attaining the stated amount from the Indian government.

In addition, the Minister of Foreign Affairs Abdulla Shahid, and the Minister of Economic Development Fayyaz Ismail also joined forces with the Finance Minister on the diplomatic mission.