Bank of Maldives (BML) has reaffirmed its continued commitment to supporting the country’s tourism industry, reassuring recent remarks by the Minister of Tourism and Environment on financial assistance extended to the sector.
As the Maldives navigates challenges stemming from the current global situation, the bank said it has been working closely with key stakeholders across the tourism industry to assess impacts and provide targeted support.
BML stated that it is actively engaging with resort operators, guesthouse owners and other tourism-related businesses to better understand their operational and financial conditions.
Chief Executive Officer and Managing Director Mohamed Shareef said the bank remains focused on assisting the sector during this period.
“Our priority is to stand alongside the tourism sector during this period. By maintaining open dialogue with industry stakeholders, we are able to deliver targeted financial solutions that help sustain operations, proactively manage the ongoing situation, and reinforce confidence across the industry,” he said.
The bank said its efforts are aligned with national priorities to safeguard economic stability and strengthen resilience within the tourism sector, which remains a key pillar of the Maldivian economy.
BML added that it will continue to monitor developments closely and adjust its support measures as needed to ensure the sector is well-positioned for recovery and future growth.