EU donates EUR 2 million to assist tourism industry

The European Union (EU) has donated 2 million euros to support the Maldives' efforts against the COVID-19 pandemic.

Economic Minister Fayyaz Ismail and Tourism Minister Dr. Abdulla Mausoom attended the ceremony held Tuesday to sign the grant agreement. The Economic Ministry said the funds granted to assist in the recovery of the tourism industry will be disbursed to local guest houses and safaris to overcome the effects of the global pandemic.

The Maldives' tourism industry suffered heavily as a result of the COVID-19 pandemic. The industry's losses are estimated to be over USD 30 million. The losses suffered by safaris have not been calculated to date.