With an average of 40 abandoned workers presenting at the Bangladeshi High Commission in Male’ every day, labour trafficking now rivals the fishing industry for second greatest contributor to the Maldives economy, after tourism.
A US$90 million (Rf1.2 billion) project agreement to provide solar powered electricity to the Upper South Province of Maldives (Thaa and Laamu atolls) has been signed by Upper South Utilities Limited with BBM Infra Limited of India. The 24 mega watt solar power facility will be built by BBM in association with two Chinese companies … Continue reading US$90 million solar power project for Thaa and Laamu atolls
GMR will get on with building the airport and leave debates over the merits of privatisation to the politicians, Manager P Sripathi tells Maldivian journalists at the opening of Delhi Terminal 3.
The Strategic Climate Fund, one of two funds under the Climate Investment Funds scheme, will grant US$20 million (Rf255 million) to develop renewable energy resources in Maldives, reports Haveeru. Delivery of the grant is expected next month and will be invested in the carbon neutral plan announced by President Mohamed Nasheed, according to deputy environment … Continue reading US$20 million grant for renewable energy in Maldives
The Maldives will receive a US$7.3 million (Rf 93 million) grant from China following a signing agreement on Sunday.
The Chinese government has pledged over US$20 million in financial assistance to the government, including US$20,000 to go directly to Vilingili Orphanage.
Minister of Finance Ali Hashim led the “little ceremony” where an MoU to help climate change adaptation was signed by the Maldivian government, the World Bank and the European Union.
The Maldives has solicited US$313 million in pledged support over three years during the two-day donor conference, with the promise of more to come.
The Auditor General has blasted back against charges of corruption laid against him by the ACC, claiming they are an attempt to stop him from reclaiming millions stolen from the government.