Malaysia agrees in principle to support Maldives’ US$100m soft loan request, says Anwar
MALE, Sept 15 — Malaysia has agreed in principle to support the Maldives’ application for a...
Male, September 15 — Malaysia has expressed its agreement in principle to support the Maldives' request for a US$100 million financing facility, according to Prime Minister Datuk Seri Anwar Ibrahim. Anwar described the aid as a soft loan to be administered by both countries' respective monetary authorities. The terms and mechanism of the facility are currently under discussion between Bank Negara Malaysia (BNM) and the Maldives Monetary Authority (MMA).
Anwar stated that Malaysia has no issues with the request, considering the Maldives' repayment history, the existing cooperation between the nations, and a government guarantee that must be provided. The Malaysian leader made these remarks following his official visit to the Maldives, where he participated in joint press conferences and bilateral talks with Maldives President Dr Mohamed Muizzu.
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