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...
The Parliament on Sunday approved to suspend some articles of the Fiscal Responsibility Act to allow the government to borrow MVR 4.4 billion from the central bank to manage state cashflow. The motion...
Central Bank of Maldives, Maldives Monetary Authority (MMA) will be open on Monday and Wednesday in the following week, despite a lockdown and curfew ordered in the capital.
MMA stated that the days w...
Finance Minister Ibrahim Ameer has requested the Parliament for a one-year stay on the limits set in the Fiscal Responsibility Act in order to allow the government to access long-term borrowings from...
Maldives Blood Service (MBS) has announced it running out of the blood in stock at its blood bank, and has issued an urgent appeal for blood donations.
The emergence of COVID-19 cases in Maldives has...
The World Bank has stated guesthouses in Maldives are expected to face the biggest loss due to the COVID-19 pandemic.
The World Bank said the guesthouses and its employees will face major losses due t...
The World Bank has stated that the Maldives' economy will be the worst hit as a result of the COVID-19 pandemic.
A report issued by the bank on Sunday said the economies of South Asian countries will...
South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday.
India, Bangl...
