President Dr. Mohamed Muizzu has disclosed that the establishment of a development bank in Maldives will be a focal point of discussion in today's Cabinet meeting.
Addressing the media before today's Cabinet session at the President's Office, President Dr. Muizzu highlighted the significance of the agenda, including talks on establishing a development bank and the facilitation of online payment platforms for financial transactions.
President Dr. Muizzu further mentioned that the Cabinet will deliberate on the introduction of a social housing category for tourism and the establishment of a media village.
The establishment of the first investment bank in the country is a commitment made by President Dr. Muizzu, with the government's objective being to provide low-interest loans for crucial development projects and substantial private investments.
The government's week-14 roadmap includes the formulation of the policy framework for the investment-development bank in Maldives. President Dr. Muizzu noted that 80% of the framework has already been completed.