No date for operationalization of Development Bank

1 week ago

Economic Minister Mohamed Saeed, citing preparations related to the Development Bank of Maldives (DBM) are progressing as scheduled, states the bank will be operationalized “very soon”. Responding to a question from South Galolhu MP Meekail Ahmed Naseem during Tuesday’s parliamentary sitting, Minister Saeed explained that DBM is not intended to offer typical banking services like opening accounts or management of funds.