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Development Bank of Maldives Limited established

edition.mv/news/33476
Mariyath Mohamed 17 May 2024

President Dr Mohamed Muizzu has established the Development Bank of Maldives Limited on Thursday. The Development Bank of Maldives is a state owned establishment, 100 percent of which is held by the M...

President forms Development Bank of Maldives Limited

psmnews.mv/en/137500
17 May 2024

President Dr. Mohamed Muizzu has announced the formation of the Development Bank of Maldives Limited, a new state-owned entity entirely held by the Government of the Maldives. This establishment, crea...

Development Bank established for development projects

en.sun.mv/89487
17 May 2024

President Dr. Mohamed Muizzu, on Thursday, incepted a state-owned establishment designated as Development Bank of Maldives Limited. The state-owned company, where the government holds 100 percent sha...

The President forms the 'Development Bank of Maldives Limited'

presidency.gov.mv/Press/...
16 May 2024

Today, President Dr Mohamed Muizzu has formed a state-owned establishment designated as Development Bank of Maldives Limited 100% of which is held by the Government of Maldives. This state-owned entit...

Maldives first development bank to launch in July

edition.mv/news/33373
Malika Shahid 12 May 2024

Minister of Economic Development and Trade Mohamed Saeed, has said that the Maldives' first development bank, aimed at providing financing for major projects, will be launched in July. Speaking at a c...

Development Bank operations to start in July

en.sun.mv/89369
12 May 2024

Minister of Economic Development and Trade Mohamed Saeed on Sunday said, the Development Bank will become operational in July 2024. Development banks are financial institutions with the focus of intr...

World Bank projects inflation may rise up to 7.5 percent in 2024

edition.mv/news/33356
Mariyath Mohamed 11 May 2024

World Bank has projected that inflation in the Maldives will rise to 7.5 percent in 2024. The body cites planned subsidy reforms for the year, and their spillover effects, as the main cause for this i...

Maldives's sovereign fund insufficient compared to national debt: World Bank

edition.mv/news/33347
Ameera Osmanagic 11 May 2024

Maldives' current balance in its Soveregin Development Fund (SDF) is insufficient to repay the country's debt, revealed World Bank on Wednesday. The revelation was made in its publication dubbed 'Mald...

Significant economic challenges to the Maldives: World Bank

edition.mv/news/33321
Malika Shahid 09 May 2024

The World Bank has revised down its growth forecast for Maldives this year. According to the new report published by the World Bank, the Maldivian economy is projected to grow by 4.7 percent this year...

World Bank warns Maldives of the risks of rising public debt

en.sun.mv/89299
09 May 2024

The World Bank has warned Maldives of the risks of rising public debt, stressing the urgent need for a comprehensive fiscal adjustment program. The global financial institute, in its biannual update...

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