Foreign or international body
Islamic Development Bank
In the news, last 90 days
Economy
Study underway to identify markets for MSMEs
The Universal Postal Union, the Islamic Development Bank and Maldives Post are conducting a study to find markets for MSMEs within the postal network and to provide digital financing assistance. Minister of State Dr. Abdulla Nazeer addressed the inaugural meeting, while an expert UPU team is visiting Maldives from 1st November to 5th November to meet policy and regulatory authorities.
Economy
RSW financing opens with increased MVR 4 million limit
The Refrigerated Seawater (RSW) Financing Scheme run by SME Digital has raised its collateral-free financing limit to MVR 4 million and expanded the facility to cover the installation and replacement of fishing vessel engines, in addition to RSW systems, generator sets and solar panels. Financing carries a six per cent annual profit rate with repayment of up to 10 years including a six-month grace period, funded by the Islamic Development Bank and the Lives and Livelihoods Fund.
Where and about what
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