Tuesday 18th Jun 2024
Dhivehi Edition
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Debt

Maldives Requests Bangladesh For Loan

The Maldives has requested Bangladesh for a loan.
During an interview with a Bangladeshi newspaper, the governor of the Bangladeshi central bank, Fazli Kabir, disclosed several issues currently under discussion at the Bangladesh Institute of Development Studies. He said that as the Maldives had requested Bangladesh for a loan, this matter was also being discussed.
He said that the Maldives had requested a long-term loan, and the current thinking was to grant the loan.
Although Kabir had declined to disclose further details of the loan requested by the Maldives, it is worth noting that Bangladesh had loaned USD$250million to Sri Lanka in August.
This would be the second loan that the country gives out as its economy recovers.
As the Maldives seeks out a new loan, it is worth noting that the Solih administration has already raised the national debt to MVR 90 billion.