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World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
A World Bank 'Country Environmental Analysis' report sets out four options for the state-owned Maldives Industrial Fisheries Company (MIFCO) to clear its debt of nearly MVR 2.5 billion and become profitable: keeping it under STO with enhanced capacities, privatising it with direct subsidies to fishermen, converting it into an operationally independent listed public limited company, or separating fish purchasing from commercial operations. The report notes MIFCO's financial position has worsened due to falling global fish prices, rising fuel prices, high interest rates, management inefficiencie
Sources1carried itMR1 of 19 news outlets we monitor
Figures2as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
How the reporting differs
one source so far
Maldives RepublicNews outlet
World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
nearly MVR 2.5 billionMIFCO debt to be relievedMaldives Republichas four options to relieve itself of the nearly MVR 2.5 billion debt, according to the World Bank.
Word for word from the report in Maldives Republic. Open the report
30 percentrevenue increase under STO optionMaldives Republicsuch an approach would seek to increase revenue 30 percent by having the company reduce exporting fresh and frozen fish products while increasing canned fish production.
Word for word from the report in Maldives Republic. Open the report
