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Minister Saeed backs SDFC’s shift to BML, cites sustainable SME...

Minister of Economic Development, Transport and Trade Mohamed Saeed has defended the transfer of the SME Development Finance Corporation to Bank of Maldives, telling Parliament the move frees the institution from reliance on State budget allocations. He said the restructuring, which rebrands the company as SME Digital and places it under BML, aims to sustain financing for micro, small and medium-sized enterprises through digitalisation and stronger corporate management.

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Sources 1carried it 1 of 19 news outlets we monitor

One outlet so far Only MM TV (English) 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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  • Minister Mohamed Saeed addressed Parliament during proceedings on the opposition Maldivian Democratic Party's no-confidence motion. MM TV (English) Addressing Parliament during proceedings on the opposition Maldivian Democratic Party’s (MDP) no-confidence motion, Minister Saeed disputed the party’s claim that the transfer had stalled SME development.

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