Global economic growth could rebound next year -- but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year due to the coronavirus pandemic, the W...
The World Bank’s board of executive directors, on Tuesday, approved a USD 12.8 million (MVR 197.38 million) COVID-19 emergency income support project to assist Maldives mitigate the economic impact of...
Central bank, Maldives Monetary Authority (MMA) has planned to resume some of its services that were suspended in response to the COVID-19 pandemic.
According to MMA, the bank plans to resume its ser...
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...
