MIFCO Disburses Payments for Fish Sold on Thursday

Payments have been disbursed for the fish sold by fishermen to the Maldives Industrial Fisheries Company (MIFCO) last Thursday.

According to the statistics published by MIFCO today, fishermen sold MVR 4.6 million worth of fish to MIFCO last Thursday. After deducting the cost of ice and fuel taken on credit by the fishermen from MIFCO, the payments were disbursed to the fishermen today. According to MIFCO, MVR 3.6 million was disbursed to the fishermen.

Last week, the highest number of vessels weighed fish to MIFCO on Thursday. On that day, 40 vessels weighed fish at various MIFCO facilities and boats.

In accordance with the presidential pledge of President Dr. Mohamed Muizzu, the disbursement of payments within 48 hours for fish sold to MIFCO by fishermen began on December 10 of last year. Under an agreement reached between the Bank of Maldives, the Finance Ministry, and MIFCO, payments have been regularly disbursed to fishermen since that day.