IMF could grant Maldives $80 million

The International Monetary Authority (IMF) will decide today whether to grant US$80 million to the Maldives.

Minister of Foreign Affairs Dr Ahmed Shaheed told Miadhu the decision could represent a US$20 million increase on the original US$60 million expected.

Such a grant would represent a show of confidence from the international community that the governance of the Maldives is going in the right direction, Shaheed said, and possibly pave the way for further assistance.

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