Financial and Banking News
AID FLOWS
SFD Lends $5mn to the Maldives
The Saudi Fund for Development (SFD) has agreed to lend SR16.4mn ($4.65mn) to the Republic of Maldives, according to an agreement signed on 25 December. The funds will be used to finance a water supply and sewerage project. The soft-term loan is for 20 years, including a five-year grace period.
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