{"id":5702,"date":"2023-03-30T18:01:18","date_gmt":"2023-03-30T13:01:18","guid":{"rendered":"https:\/\/mbt.mv\/?p=5702"},"modified":"2023-03-30T18:01:18","modified_gmt":"2023-03-30T13:01:18","slug":"adb-signs-usd41mn-finance-package-with-bml","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5702","title":{"rendered":"ADB signs USD41mn finance package with BML"},"content":{"rendered":"<p>The Asian Development Bank (ADB) on Monday, signed a USD41 million finance package with the Bank of Maldives (BML).<\/p>\n<p>The international financial institution signed with the Maldives national bank to enhance support to local small and medium enterprises (SMEs) and tourism ventures.<\/p>\n<p>ADB &#8220;arranged, structured, and syndicated&#8221; the financing package, which is comprised of a loan up to USD13 million from its ordinary capital resources, a parallel loan of up to USD13 million from Japan International Cooperation Agency, and another parallel loan of up to USD5 million from the Development Bank of Austria.<\/p>\n<p>The bank further stated that at least 60% of the package will be earmarked for lending to SMEs, and another 5% allocated to women-owned or led firms.<\/p>\n<p>To alleviate bankability issues related to blue economy transaction in the Maldives and improve development impact, ADB has blended the project&#8217;s debt financing with concessional loan of up to USD9 million from the Canadian Climate Fund for the Private Sector in Asia II (CFPS II) and another grant of USD1 million from the bank&#8217;s Asian Development Fund (ADF) &#8211; Private Sector Window (ADB-PSW).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Asian Development Bank (ADB) on Monday, signed a USD41 million finance package with the Bank of Maldives (BML). The international financial institution signed with the Maldives national bank to enhance support to local small and medium enterprises (SMEs) and tourism ventures. ADB &#8220;arranged, structured, and syndicated&#8221; the financing package, which is comprised of a<\/p>\n","protected":false},"author":4,"featured_media":5023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2424],"tags":[130,131,189,221],"class_list":{"0":"post-5702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance","9":"tag-asian-development-bank","10":"tag-asian-development-bank-adb","11":"tag-bank-of-maldives","12":"tag-bml"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ADB signs USD41mn finance package with BML - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=5702\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB signs USD41mn finance package with BML - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Asian Development Bank (ADB) on Monday, signed a USD41 million finance package with the Bank of Maldives (BML). The international financial institution signed with the Maldives national bank to enhance support to local small and medium enterprises (SMEs) and tourism ventures. ADB &#8220;arranged, structured, and syndicated&#8221; the financing package, which is comprised of a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5702\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-30T13:01:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/01\/1035x593-DTP34r5lGzbtLbP0EvfGXXJwjuMkL7UaSG5T3dMc-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1035\" \/>\n\t<meta property=\"og:image:height\" content=\"593\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=5702#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5702\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"ADB signs USD41mn finance package with BML\",\"datePublished\":\"2023-03-30T13:01:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5702\"},\"wordCount\":191,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5702#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/01\/1035x593-DTP34r5lGzbtLbP0EvfGXXJwjuMkL7UaSG5T3dMc-1.jpg\",\"keywords\":[\"Asian Development Bank\",\"Asian Development Bank (ADB)\",\"Bank of Maldives\",\"BML\"],\"articleSection\":[\"BUSINESS\",\"FINANCE\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=5702#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=5702\",\"url\":\"https:\/\/mbt.mv\/?p=5702\",\"name\":\"ADB signs USD41mn finance package with BML - 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