Foreign or international body
Asian Infrastructure Investment Bank
In the news, last 90 days
Infrastructure
Kuwait Fund extends USD 9.7 million loan for Thaa Atoll Hospital in Veymandoo
The Finance Ministry and the Kuwait Fund for Arab Economic Development signed a USD 9.7 million loan agreement on November 4, 2026 to establish an atoll hospital in Th. Veymandoo. Kuwait Fund Acting Director General Rashid Al-Bader said it is the Fund's 15th loan to the Maldives and its first investment in the country's health sector, and that the annual country loan limit will rise from about USD 10 million to USD 40 million from next year.
Economy · Press release
Speech by His Excellency Dr. Mohamed Muizzu, President of the Republic of Maldives at the China–Maldives Investment Cooperation Forum, at Maldives Expo 2026
President Dr. Mohamed Muizzu addressed the China–Maldives Investment Cooperation Forum at Maldives Expo 2026, highlighting results of the China–Maldives Free Trade Agreement, digital payment growth and Chinese tourism, and inviting Chinese investment ahead of the country's Vision 2040 goal. He noted the introduction of a new Foreign Investment Act replacing legislation that had governed foreign investment for over four decades.
Economy
Maldives Seals Landmark 15MW Solar Deal to Reduce Island Diesel Reliance
The Ministry of Climate Change, Environment and Energy concluded agreements for a 15MW solar photovoltaic system, the largest solar development in the country to date, under the ARISE initiative with contractor Sinosoar Hybrid Technology and STELCO. The scheme is expected to displace about 15 million litres of imported diesel annually and cut fuel expenditure by an estimated USD 11.6 million per year.
Economy · Press release
Finance Minister Zareer Meets OPEC Fund President Dr. Abdulhamid Alkhalifa in Doha
Minister of Finance and Public Enterprises Hassan Zareer met OPEC Fund President Dr. Abdulhamid Alkhalifa in Doha on the sidelines of the 2026 Asian Infrastructure Investment Bank Annual Meeting. They discussed potential collaboration under the Country Partnership Framework Agreement and the importance of an Emergency Line of Credit facility, along with future engagement in water and sanitation and harbor and ports development.
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