The government of Japan has donated a loan facility of USD 47.5 Million to the government of Maldives with an interest rate of 0.01 percent.
In a ceremony the loan agreement was signed by Foreign Minster Abdulla Shahid on behalf of the Maldivian government and the Japanese Ambassador to the Maldives Keiko Yanai on behalf of the Japanese government.
The loan is an emergency support loan to further strengthen the country’s economy.
0 comments