India provides USD100 million in financial assistance

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Ceremony held to handover USD 100 million financial assistance from the Government of India to the Government of Maldives. (Photo / PSM)

The Government of India handed over a financial assistance of USD 100 million to the Government of Maldives, amid the economic challenges faced by the Maldives, in a ceremony held at the Ministry of Foreign Affairs today.

At the ceremony, a symbolic cheque was handed over by the High Commissioner of India, Munu Mahawar on behalf of the Government of India, to the Minister of Foreign Affairs Abdulla Shahid on behalf of the Government of Maldives. This financial support of USD 100 million to the Government of Maldives will be provided through subscription in Maldives’ Government Domestic Treasury bonds by SBI, Malè.

Speaking at the event, Minister Shahid highlighted the effectiveness of President Solih’s far-sighted foreign policy in building the trust and confidence in Maldives for the international community. Furthermore, Minister Shahid reflected on the significance of the historically close ties between the Maldives and India in providing crucial assistance in the progress and development of the Maldives.

The ceremony was attended by Minister of Finance, Ibrahim Ameer who also delivered a statement. Minister of External Affairs of India, Dr. S. Jaishankar also participated in the ceremony via direct videoconferencing and delivered his remarks virtually.

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