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OFID signs USD10 million loan agreement with Bank of Maldives

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OFID signs USD10 million loan agreement with Bank of Maldives

timestampJun 08, 2021 authorAlShorts Web Desk

OPEC Fund for International Development (OFID) has signed a USD10 million private-sector loan agreement with the Bank of Maldives. The loan will be used by the Bank of Maldives for on-lending to small and medium-sized enterprises (SMEs) engaged in tourism. It will also help in providing the much-needed working capital to businesses operating in tourism and other related activities.

Latest News

UAE logs 115 new cases of COVID-19

India logs 15,981 new cases of COVID-19

Google brings out continuous scrolling

UK lawmaker David Amess dies

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