The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Mond...
Central Bank, Maldives Monetary Authority has released MVR 2.7 billion from the public bank account for the increased government expenditure due to COVID-19.
A public account overdraft is when the MMA...
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it.
Reserve Bank of Ind...
The government signed a USD 16.5 million Urban Development and Resilience Project with the World Bank to support urban development efforts and increase disaster preparedness across the country.
The ag...
The World Bank has signed a USD 16.5 million project to support resilient urban development and disaster preparedness in the Maldives. The agreement was virtually signed by Minister of Finance Ibrahim...
Maldives and World Bank has signed a USD 16.5 million (MVR 254.43 million) project to support resilient urban development and disaster preparedness in Maldives.
According to a statement released by Wo...
World Bank is expected to extend a total of USD16.5 million in aid to Maldives for it to improve crisis management and recovery.
The aid by the bank is aimed to assist the island nation’s urban develo...
MOSCOW (AP) — The New Development Bank will allocate up to $15 billion for loans to help the so-called BRICS nations - Brazil, Russia, India, China and South Africa - boost their economies amid the co...
Maldives Monetary Authority has stated that the financial aid of USD 28.9 million from the International Monetary Fund has been deposited.
The financial aid will be utilized to assist the country in i...
The Bank of Japan on Monday ramped up its emergency monetary easing and cut growth forecasts for the world's third largest economy, as the coronavirus pandemic ravages the globe.
After a meeting short...
