Finance Ministry Building
Finance Ministry Reports MVR 24 Billion in Unreceived Loans
2024-05-21 03:22:36
Aishath Hussain
The Finance Ministry has disclosed that MVR 24.2 billion in state-borrowed foreign loans have yet to be received, according to the debt statistics for the first quarter of this year.
Of this total, 64.9 percent, or MVR 15.7 billion, is pending from the Export-Import Bank of India (Exim Bank). Additionally, MVR 1.59 billion from the Saudi Fund for Development (SDF) and MVR 1.8 billion from the International Development Association (IDA) are still outstanding.
The finance data indicates that the government's total debt stood at MVR 126 billion at the end of the first quarter, with MVR 74.5 billion in internal debt and MVR 51.6 billion in external debt.
0%
100%
0%
0%
Comments
