Government of India extends a financial assistance worth USD100 million to the Maldives, amid economic challenges the island nation face.
At the handover ceremony, a symbolic cheque was handed by the Indian High Commissioner Munu Mahawar on behalf of the South-Asian ally to the Maldives Minister of Foreign Affairs Abdulla Shahid. This financial assistance will be provided through subscription in Maldives’ Government Domestic Treasury Bonds by State Bank of India (SBI), Maldives branch.
Speaking at the event, Minister Shahid made emphasis on the effectiveness of President Ibrahim Mohamed Solih’s far-sighted foreign policy in “building the trust and confidence in Maldives for the international community”. In addition to this, Minister Shahid reflected on the historically ties between the countries, and India’s continued assistance in the progress and development of the archipelago.
Minister Shahid was accompanied by Minister of Finance Ibrahim Ameer, while Minister of External Affairs of India Dr. S. Jaishankar also participated in the ceremony via videoconferencing.