MIFCO seeks nearly MVR 1 billion loan from IDB

1 month ago

State fisheries company, Maldives Industrial Fisheries Company (MIFCO), on Sunday, states they have applied for a USD 64.65 million loan from Islamic Development Bank (IDB), with support from the government. According to MIFCO, the loan is being sought to strengthen fisheries infrastructure and sustainability. As such, MIFCO said the funding will enhance facilities, equipment, and expertise—driving industry growth. There are seven components