The Maldives government borrowed MVR 800 million from the Bank of Maldives via Treasury bills to pay public sector salaries this month, amid cash flow challenges. The loan followed an Extraordinary General Meeting that appointed a new BML board chairperson, while India's State Bank of India rolled over a $50 million Treasury bill for another year.
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.
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The government has taken out a loan of MVR 800 million to pay the salaries of public sector employees this month, according to reliable sources.
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At the request of the government, the State Bank of India (SBI) rolled over a $50 million Treasury bill for another year.
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At the request of the government, the State Bank of India (SBI) rolled over a $50 million Treasury bill for another year. This is the second time this year that SBI has extended such support, following a similar rollover in May.
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These appointments follow a series of high-profile resignations and removals, including the resignation of CEO Karl Stumke earlier this month.
Word for word from the report in Maldives Republic. Open the report
