Friend Saudi Arabia has pledged to grant USD 150 million to the government to repay loans as President Abdulla Yameen concludes a “successful” visit to the country.
- Maldives will receive the grant within a few days to repay loans
- The grants will be given to the central bank, Maldives Monetary Authority (MMA)
- The grant will balance the payment support for the repayment of foreign loans taken for development projects.
- President Yameen met the King of Saudi Arabia, Salman bin Abdul Aziz Al Saud and held discussions on mutual issues