Asian Development Bank (ADB) | Atoll Times

Asian Development Bank (ADB)

Maldives signs $50 million ADB loan to support fuel imports

Ministry said the increase in global fuel prices has been linked to ongoing conflicts in the Middle East, resulting in additional pressure on public finance.

Maldives growth to decline by 1% this year, says ADB

The report stated that inflation in the Maldives is expected to rise by 5%, driven by fuel prices and the cost of foreign currency.

ADB gives $21.95m to support Maldives in climate, food security

The Enhancing Climate Resilience and Food Security Project will strengthen the country’s resilience to disasters and climate change.

11 November 2024

Who is Tan Su Shan, Singapore bank DBS's incoming CEO?

Analysts say they don't expect major changes in strategy for the Development Bank of Singapore.

Top Stories

Top Stories

Maldives, ADB ink $75m renewable energy project

The Environment Ministry said the projects would save about 10 million liters of diesel annually.

13 December 2023

ADB-funded project to install 20 MW solar systems in 20 islands

The ministry, however, is yet to give details of the islands involved in the project.

ADB supports Maldives' tax, fiscal reforms with $18.7m grant

Other policy reform actions under the ADB programme will include further amendments to the GST Act to broaden the tax base.

2 September 2023