MVR 9.5B – 25% of revenue – spent on loan repayments an

2 days ago

The state has spent MVR 9.5 million on loan repayments and financing and interest costs, according to the latest data available from the Finance Ministry. The Maldives has been facing higher and higher interest rates as it defers its loan repayments. According to the latest weekly fiscal developments report released by the Finance Ministry on Wednesday, the state received MVR 36 million