Loan agreement of USD 47.5m with Japan

1 day ago

An agreement for the arranged loan by the Japanese government to the Maldives worth USD 47.5 million has been signed. The agreement was signed at a ceremony at the Finance Ministry today by Minister Ibrahim Ameer and the Residence Representative of JICA Maldives.  A 15-year period is granted as the repayment period which is provided at an interest rate of 0.01 percent.