India extends financial assistance of 100 million US dollars to Maldives

New Delhi: India has provided financial assistance of 100 million US dollars to the Maldives. The assistance is in the form of budgetary support to tide over the difficult economic situation in the archipelago nation. The assistance is being extended without any conditions and Maldives is free to use it in its economic recovery as it deems fit.

Speaking at the handover ceremony virtually, External Affairs Minister Dr. Jaishankar expressed hope that the financial assistance will help the Maldives channelise their energies towards rapid economic growth. He added that



India’s Neighbourhood first and Maldives’ India first policies have been special and together they have delivered results.

The financial assistance extended by India showcases the resilience and reliability of the India-Maldives relationship. India’s Neighbourhood first and Maldives’ India first policies have worked in tandem to safeguard the well-being of the people of both countries. At the same time, the assistance extended today is a testimony that India will continue to stand by the government and people of Maldives.