WORLD Maldives collects over 59 mln USD from tourists in 2019 through Green Fund project

WORLD

Maldives collects over 59 mln USD from tourists in 2019 through Green Fund project

Xinhua

18:03, February 05, 2020

MALE, Feb. 5 (Xinhua) -- The Maldives Finance Ministry on Wednesday said it had collected a tax amount of 59.34 million U.S. dollars from tourists through the Maldives Green Fund in 2019 to carry out environmental projects in the country.

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File photo: CGTN

The tax, introduced in 2016, is collected from tourists visiting resorts, guest houses, city hotels and safaris, Local media quoted the Maldives Finance Ministry as saying. According to the Tourism Act, a tax amount of 6 U.S. dollars is collected from tourists visiting these facilities per day.

According to the statistics published by the Ministry of Finance, 24 U.S. million dollars from the fund had been spent on environmental projects last year.

After financing various projects, the fund now has a total of 35.12 U.S. million dollars in 2020 to carry out further development and projects in the island country.

As per the statistics, the fund received 5.77 million U.S. dollars in March last year, which was the highest recorded monthly income. The lowest figure was recorded in July, which was 3.3 million U.S. dollars.

More than 1 million tourists visited the Maldives last year, with China being the largest market.

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