Maldives receives US$7.3 million from China

The Maldives will receive a US$7.3 million (Rf 93 million) grant from China following a signing agreement on Sunday.

Speaking at the ceremony, Additional Secretary of the Foreign Ministry Dr Hussein Niyaz said the relationship between the two countries was a longstanding one.

He noted that both the Foreign Ministry building and the national museum, currently under development, were gifts from China.

Under the new agreement both governments will decide on a project to fund with the grant, “such as a housing project or a harbour development project,” Niyaz said.