The Maldives government has settled MVR 871 million in loan repayments within the last three months, the ruling party’s campaign spokesperson Heena Waleed said on Tuesday.
According to the spokesperson, the current government inherited a total of MVR 318 million in outstanding loans from the previous administration. She added that the current state has already spent MVR 1.1 billion on Public Sector Investment Program (PSIP).
While highlighting several projects commenced during the previous administration lacked proper planning and foresight, Heena said that majority of these projects have been interrupted.
Heena however, affirmed the current government was working on restarting the halted developmental projects.