India provides USD100 million as financial aid to the Maldives

The government of India has handed over financial assistance of USD100 million to the government of Maldives amid economic challenges.

At the ceremony held at the Ministry of Foreign Affairs, a symbolic cheque was handed over by the High Commissioner of India Munu Mahawar to the Minister of Foreign Affairs Abdulla Shahid. The financial support of USD100 million to the Maldives will be provided through subscription to the Government Domestic Treasury bonds by the State Bank of India (SBI).

Speaking at the event, Minister Shahid highlighted the effectiveness of President Solih’s far-sighted foreign policy in building trust and confidence in the Maldives for the international community. Furthermore, Minister Shahid reflected on the significance of the historically close ties with 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. In addition, parliamentarians, high commissioners, senior officials from the Ministry of Finance, the High Commission of India in the Maldives, and SBI also attended the ceremony.