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MVR 3.2 Billion As Endowment

by Maaha Naseem
October 1, 2019
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MVR 3.2 Billion As Endowment

Photo: sun.mv

Minister of Finance, Ibrahim Ameer stated that they have received MVR 3.2 billion this year as endowment from different countries.

In his statement, he highlighted the unity between the current government of the Maldives and countries including, India, middle east, America and European Union (EU).

Moreover, the average amount of fund they received in the previous years is MVR 150 million, according to the minister. However, the amount exceeded in the first two years of the current administration. He also stated that the budget management has been drastically improved during the past 10 months and it is proven by the weekly reports of the finance ministry.

Responding to the accusations due to the delay of the government projects, minister said that there have been 129 ongoing projects and they will cost up to approximately MVR 3.6 million.

Furthermore, minister said that the government has well planned projects and that they have already finalized the master plan for the national development project.

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