Minister of Sports Abdulla Rafiu has emphasised the necessity of establishing a Sports Fund to enhance sports development in the Maldives.
In an exclusive interview with PSM News, Minister Rafiu underscored the increasing importance of the Sports Fund, emphasising its role in expanding athlete training programs and supporting the existing Aratha program. He highlighted that scholarships for athlete training will also be administered through the fund.
Furthermore, Minister Rafiu explained that contributions from state-owned enterprises will be directed into the Sports Fund. Additionally, the fund will engage in investments, with the returns from these investments reinvested back into sports development. He also assured transparency in the management of the Sports Fund, noting that it will be utilised to promote sports effectively and responsibly.