Thu, 03 Apr 2025

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DHIVEHI

Loans below 3 per cent interest approved for tourism land development

28 Jan 2025

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Aishath Leah

Photo: President's Office

The Maldivian Government has approved loans with sub-3 per cent interest rates for developing tourism lands in the northern atolls, with particular focus on Haa Alifu Filladhoo, Kelaa, and Vathafaru regions. The initiative, implemented through the Ministry of Finance and Bank of Maldives, aims to accelerate development by offering loans at 3 per cent below commercial rates. The comprehensive plan includes resort development, infrastructure upgrades such as road modernisation, and improvements to healthcare, education and waste management systems across the islands.


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