Name

Public Accounts Committee

Date

26 Oct 2021 - 12:00

Number

41

Public Accounts Committee's 41st meeting for the year 2021

Summary

In this meeting, the paperwork of two government guaranteed loan agreements signed with The Export Import Bank of India (EXIM India) on 23rd September 2021 regarding the financing for the total of 4,000 social housing units in Hulhumale' Phase II to be constructed by Fahi Dhiriulhun Corporation (FDC) with JMS Projects (India) Limited and JAMs Projects (India) Limited was shared with the members. The resolution regarding the large amount of money generated by businesses in the Maldives not entering the financial system of the country was discussed and decided to obtain further information from Ministry of Finance, Maldives Monetary Authority and Maldives Inland Revenue Authority.

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