Organisation
Maldives Centre for Islamic Finance (MCIF)
In the news, last 90 days
Economy
MVR 650 million loan issued to MACL for Giraavaru lagoon reclamation
A treasury loan of MVR 650.7 million was issued from the state budget this year to the Maldives Airports Company Limited (MACL) to cover reclamation costs of Giraavaru lagoon, where plots are allocated under the Binveriyaa housing scheme. Reclamation of Giraavaru Falhu, resumed by MACL in January, remains incomplete, with satellite imagery showing no work since it stalled in April.
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