Kuwait provides MVR 150m loan to build hospitals

3 months ago

The Maldivian government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a loan agreement worth KWD 3 million (equivalent to USD 9.7 million or MVR 150 million) to construct hospitals in Maldivian islands. The loan agreement for the ‘Small Islands Hospital Project’ was signed by Finance Minister, Dr. Mohamed Shafeeq and Acting Director General of KFAED, Waleed al-Bahar