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 help fund the Maldives' request for a $100 million financing facility, according to Prime Minister Datuk Seri Anwar Ibrahim. The Malaysian leader refers to the assistance as a form of soft loan, to be managed by both countries' respective monetary authorities.
The specific details of the facility and its implementation process are still under discussion between Bank Negara Malaysia (BNM) and the Maldives Monetary Authority (MMA). Anwar emphasized that Malaysia has no issues with the application, considering the Maldives' strong repayment history and the existing cooperation between the two countries, as well as the government guarantee required for the loan.
The agreement is seen as a testament to the trust and friendship between Malaysia and the Maldives. Anwar made the announcement following a visit to the Maldives, where he engaged in bilateral talks and a joint press conference with Maldives President Dr Mohamed Muizzu.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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