EU donates EUR 2 million to assist tourism industry
Posted on: 8/19/2021, 8:44:51 AM
The European Union is funding the initiative 'EU Support for a Resilient Recovery of SME Tourism Industry in the Maldives' with EUR 2 million in financial money. The project's overall goal is to make it possible to. By permitting the tourism sector, the Maldives will be able to build a more resilient and diverse economy. MSMES is expected to bounce back from the COVID -19 disaster.
Following the onset of the COVID-l9 pandemic, MSMEs in the tourism sector have experienced serious business disruptions. The EU-funded programme is aimed at assisting MSMEs in the tourism industry, particularly guesthouses and safari vessels with fewer than 40 beds. The project's direct funding scheme will be a critical and timely support package for MSME recovery efforts.