Tourism Minister Ibrahim Faisal took to platform X to commend President Dr. Mohamed Muizzu for a visionary move in establishing the Development Bank of Maldives Limited. This landmark decision, announced by the President's office on Thursday, marks a significant milestone in the nation's economic journey and reflects President Muizzu's unwavering commitment to fostering economic growth and enhancing the Maldives' global standing.
Minister Faisal's post on X celebrated the establishment of the Development Bank of Maldives Limited as a historic achievement for the nation. He emphasized President Muizzu's unparalleled dedication to economic development, noting that the creation of the bank underscores the administration's strategic vision for propelling the country toward a prosperous future.
"In a visionary move, President Dr. Mohamed Muizzu established the Development Bank of Maldives Limited, a historic milestone for our nation. This underlines his unparalleled commitment to economic growth, advancing our global standing. Here’s to a prosperous future for the Maldives!" tweeted Minister Faisal.
Establishing the Development Bank of Maldives Limited represents a strategic initiative to address key challenges in financing infrastructure projects and promoting sustainable economic growth. With its establishment, the bank is poised to play a pivotal role in enhancing financial stability and fostering greater interest in maintaining foreign exchange within the nation's banking system.
The Development Bank of Maldives Limited aligns with the government's strategic policies to fund infrastructure projects, invest in sustainable economic and social development, and address the challenges associated with financing Public Sector Investment Program (PSIP) projects through syndicated financing. Additionally, the bank seeks to promote foreign exchange retention within the nation's banking system, bolstering economic stability.
Minister Faisal's post on X celebrated the establishment of the Development Bank of Maldives Limited as a historic achievement for the nation. He emphasized President Muizzu's unparalleled dedication to economic development, noting that the creation of the bank underscores the administration's strategic vision for propelling the country toward a prosperous future.
"In a visionary move, President Dr. Mohamed Muizzu established the Development Bank of Maldives Limited, a historic milestone for our nation. This underlines his unparalleled commitment to economic growth, advancing our global standing. Here’s to a prosperous future for the Maldives!" tweeted Minister Faisal.
In a visionary move, President Dr. @MMuizzu establishes the Development Bank of Maldives Limited, a historic milestone for our nation. This underlines his unparalleled commitment to economic growth, advancing our global standing. Here’s to a prosperous future for the Maldives! 🇲🇻 https://t.co/p5Otd38Nkt
— Ibrahim Faisal (@ifaisalofficial) May 18, 2024
Establishing the Development Bank of Maldives Limited represents a strategic initiative to address key challenges in financing infrastructure projects and promoting sustainable economic growth. With its establishment, the bank is poised to play a pivotal role in enhancing financial stability and fostering greater interest in maintaining foreign exchange within the nation's banking system.
The Development Bank of Maldives Limited aligns with the government's strategic policies to fund infrastructure projects, invest in sustainable economic and social development, and address the challenges associated with financing Public Sector Investment Program (PSIP) projects through syndicated financing. Additionally, the bank seeks to promote foreign exchange retention within the nation's banking system, bolstering economic stability.
