The Kuwait Fund for Arab Economic Development announced it will raise its annual financing limit for the Maldives from USD 10 million to USD 40 million, effective next year, following discussions with Minister of Finance and Public Enterprises Hassan Zareer. The announcement coincided with the signing of a loan agreement worth roughly USD 9.7 million for the development of the Thaa Atoll Hospital.
Kuwait Fund for Arab Economic Development · Increase the Maldives' annual country loan limit from USD 10 million to USD 40 million
Minister of Finance and Public Enterprises Hassan Zareer and KFAED Acting Director General Rashaid A. Al-Bader · Develop a modern, fully equipped 50-bed hospital in Veymandoo expanding access to secondary healthcare for residents of Thaa Atoll.
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the Kuwait Fund for Arab Economic Development (KFAED) has announced it will increase its annual financing limit for the Maldives from USD 10 million to USD 40 million, effective next year.
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the Kuwait Fund for Arab Economic Development (KFAED) has announced it will increase its annual financing limit for the Maldives from USD 10 million to USD 40 million, effective next year.
Word for word from PSM News. Open the report
The announcement coincided with the signing of a loan agreement for the development of the Thaa Atoll Hospital, a project valued at roughly USD 9.7 million.
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Al-Bader noted that the KFAED has invested over USD 190 million in the nation to date.
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Reflecting on a 50-year partnership—dating back to the first agreement in 1976—Al-Bader noted that the KFAED has invested over USD 190 million in the nation to date.
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agreed to increase the Maldives’ annual financing limit from USD 10 million to USD 40 million from 2027, expanding the funding available for development projects.
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agreed to increase the Maldives’ annual financing limit from USD 10 million to USD 40 million from 2027, expanding the funding available for development projects.
Word for word from the report in MM TV (English). Open the report
Worth 3 million Kuwaiti dinars, approximately USD 9.7 million, it represents the fund’s 15th loan to the Maldives and its first investment in the country’s healthcare sector.
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Minister Zareer and Acting Director General Al-Bader signed the agreement to develop a modern, fully equipped 50-bed hospital in Veymandoo.
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Before the hospital loan, the fund had provided 14 loans totalling approximately USD 185 million, alongside USD 5.7 million in grants and technical assistance.
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Before the hospital loan, the fund had provided 14 loans totalling approximately USD 185 million, alongside USD 5.7 million in grants and technical assistance.
Word for word from the report in MM TV (English). Open the report
The agreement comes as the development partnership reaches 50 years, following the first agreement in 1976.
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it represents the fund’s 15th loan to the Maldives and its first investment in the country’s healthcare sector.
Word for word from the report in MM TV (English). Open the report
the Kuwait Fund for Arab Economic Development (KFAED) has announced it will increase its annual financing limit for the Maldives from USD 10 million to USD 40 million, effective next year.
Word for word from the report in PSM News. Open the report
the Kuwait Fund for Arab Economic Development (KFAED) has announced it will increase its annual financing limit for the Maldives from USD 10 million to USD 40 million, effective next year.
Word for word from the report in PSM News. Open the report
The announcement coincided with the signing of a loan agreement for the development of the Thaa Atoll Hospital, a project valued at roughly USD 9.7 million.
Word for word from the report in PSM News. Open the report
Al-Bader noted that the KFAED has invested over USD 190 million in the nation to date.
Word for word from the report in PSM News. Open the report
Reflecting on a 50-year partnership—dating back to the first agreement in 1976—Al-Bader noted that the KFAED has invested over USD 190 million in the nation to date.
Word for word from the report in PSM News. Open the report
KFAED Acting Director General Rashaid A. Al-Bader announced the decision during a courtesy meeting following the signing of a loan agreement for a new hospital in Veymandoo.
Word for word from the report in MM TV (English). Open the report
The announcement coincided with the signing of a loan agreement for the development of the Thaa Atoll Hospital, a project valued at roughly USD 9.7 million.
Word for word from the report in PSM News. Open the report
The decision, confirmed by Acting Director General, Rashaid A. Al-Bader, follows high-level discussions with Minister of Finance and Public Enterprises, Hassan Zareer.
Word for word from the report in PSM News. Open the report
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