ADB Gives Economic Assistance to Maldives

The Asian Development Bank has approved a USD39.5 million assistance package to help the Maldives

that aim to foster sustainable growth. The loan will support the country's plans to diversify its tax base, boost revenue collection, and improve public spending and debt management.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.