Maldives Secures $9.8 Million Kuwait Fund Loan for Hospital Development

 The loan agreement was signed on Monday, according to a statement from the Ministry of Finance.

Finance Minister Dr. Mohamed Shafeeg signed the agreement on behalf of the Maldivian government, while Waleed Albahar, Acting Director General of the Kuwait Fund, represented the lending institution.

The loan will be allocated towards improving healthcare services on small islands in the north and south of the country. This includes the construction of new hospital buildings and the provision of medical equipment. The initiative aims to reduce the need for inter-island travel for healthcare and provide timely access to secondary healthcare services. The Ministry of Finance highlighted that this project would benefit both residents and tourists, enhancing the overall quality of health services through decentralization.