#TeamEurope: Faster post-COVID-19 recovery of the Maldives’ economy with €20 million loan from the EIB

The EIB has signed a €20 million loan with the Ministry of Finance of the Republic of Maldives as a part of Team Europe action to help sustain the local economy, protect jobs and support SMEs operating in the tourism and industry sectors in the wake of the COVID-19 pandemic. This is the first COVID-19-related operation of the EU bank in Asia, and a part of its €5.2 billion support package for countries outside the EU, announced on 8 April.

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