Speaking at the Parliament, Minister of Finance, Ibrahim Ameer announced that the government of the Maldives has secured 519.8 million as Covid-19 financing.
Minister Ameer also said, including the 250 million from India the total funds secured sums up to a 520 million. He further shared details of the funds via twitter.
Further speaking at the parliament, Ameer said that the budget estimated for the year is 37 billion Rufiyaa, and an although a 30 billion Rufiyaa was estimated as revenue for the year, due to Covid-19 pandemic the new estimated revenue goes up to a 14 billion Rufiyaa only. Hence the 37 billion dollar budget will be accumulated through the support from foreign loans and funds.
So far, Maldives has received support through, Asian Development Bank (ADB), AIB, European Investment Bank (EIB), State Bank of India (SBI), International Finance Corporation (IFC), IMF, IDB, Japan International Cooperation Agency (JICA) and World Bank.
Minister Ameer also said, including the 250 million from India the total funds secured sums up to a 520 million. He further shared details of the funds via twitter.
The Government of Maldives has now successfully secured $520m as Covid-19 financing from different donors. Details find below 👇https://t.co/Ky0NGSx9zy
— އިބްރާހިމް އަމީރު (@iameeru) October 7, 2020
Further speaking at the parliament, Ameer said that the budget estimated for the year is 37 billion Rufiyaa, and an although a 30 billion Rufiyaa was estimated as revenue for the year, due to Covid-19 pandemic the new estimated revenue goes up to a 14 billion Rufiyaa only. Hence the 37 billion dollar budget will be accumulated through the support from foreign loans and funds.
So far, Maldives has received support through, Asian Development Bank (ADB), AIB, European Investment Bank (EIB), State Bank of India (SBI), International Finance Corporation (IFC), IMF, IDB, Japan International Cooperation Agency (JICA) and World Bank.
