Government Secures MVR 800 Million Loan to Pay Salaries
The Maldives government secured an MVR 800 million loan from Bank of Maldives (BML) via Treasury bills to pay public sector salaries. Terms undisclosed. The loan followed a BML board reshuffling that appointed Ahmed Ali Habeeb as chairperson. India also rolled over a $50 million Treasury bill for another year. Former presidents Solih and Yameen criticized politicization of BML, urging MMA to intervene.
The Maldives government secured an MVR 800 million loan from Bank of Maldives (BML) via Treasury bills to pay public sector salaries. Terms undisclosed. The loan followed a BML board reshuffling that appointed Ahmed Ali Habeeb as chairperson. India also rolled over a $50 million Treasury bill for another year. Former presidents Solih and Yameen criticized politicization of BML, urging MMA to intervene.
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The Maldives government secured an MVR 800 million loan from Bank of Maldives (BML) via Treasury bills to pay public sector salaries. Terms undisclosed. The loan followed a BML board reshuffling that appointed Ahmed Ali Habeeb as chairperson. India also rolled over a $50 million Treasury bill for another year. Former presidents Solih and Yameen criticized politicization of BML, urging MMA to intervene.
This story involves 1 source and may affect public understanding of government borrowing / fiscal crisis.
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Focus: Government Secures MVR 800 Million Loan to Pay Salaries
Unique detail: Government Secures MVR 800 Million Loan to Pay Salaries
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Maldives Republic
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