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News SIDS / loan facility Maldives Impact 7.0/10 2 min read
President Muizzu Announces US$6.5 Million Loan Facility for Women Entrepreneurs

President Muizzu Announces US$6.5 Million Loan Facility for Women Entrepreneurs

President Mohamed Muizzu announced a US$6.5 million loan facility for women entrepreneurs, with 25% reserved for women with disabilities, at the High-Level Closing Ceremony of the SIDS GBN Forum 2024 in Antigua and Barbuda. He urged boosting investments in MSMEs, streamlining cross-border trade, protecting intellectual property, and fostering a conducive regulatory environment. He emphasized inclusivity, empowering local communities, and establishing partnership platforms. He noted SIDS face limited access to affordable financing and challenges balancing growth and sustainability. He called for continued dialogue between businesses and government agencies and urged banks and financial entities to make finance more accessible and tailored to the private sector.

President Mohamed Muizzu announced a US$6.5 million loan facility for women entrepreneurs, with 25% reserved for women with disabilities, at the High-Level Closing Ceremony of the SIDS GBN Forum 2024 in Antigua and Barbuda. He urged boosting investments in MSMEs, streamlining cross-border trade, protecting intellectual property, and fostering a conducive regulatory environment. He emphasized inclusivity, empowering local communities, and establishing partnership platforms. He noted SIDS face limited access to affordable financing and challenges balancing growth and sustainability. He called for continued dialogue between businesses and government agencies and urged banks and financial entities to make finance more accessible and tailored to the private sector.

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Maldives Republic

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May 27, 2024

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President Mohamed Muizzu announced a US$6.5 million loan facility for women entrepreneurs, with 25% reserved for women with disabilities, at the High-Level Closing Ceremony of the SIDS GBN Forum 2024 in Antigua and Barbuda. He urged boosting investments in MSMEs, streamlining cross-border trade, protecting intellectual property, and fostering a conducive regulatory environment. He emphasized inclusivity, empowering local communities, and establishing partnership platforms. He noted SIDS face limited access to affordable financing and challenges balancing growth and sustainability. He called for continued dialogue between businesses and government agencies and urged banks and financial entities to make finance more accessible and tailored to the private sector.

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