Tuesday, February 7, 2023

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India extends financial assistance of USD 100 million to Maldives

New Delhi: India on Tuesday handed over USD 100 million as assistance to the Maldives to ease the financial challenges faced by the strategically located archipelagic state in the Indian Ocean.

A ceremony was held in Male at the Ministry of Foreign Affairs where Foreign Minister Abdulla Shahid and Finance Minister Ibrahim Ameer were also present, as reported by news agency PTI.

“Joined Foreign Minister @abdulla_shahid & Finance Minister @iameeru at the handover ceremony of Financial Assistance of USD 100 million to Government of Maldives,” tweeted External Affairs Minister S Jaishankar, who joined the ceremony via a video link.

“Our special partnership, marked by genuine concern for each other’s welfare and interests, delivers every single time and particularly in time of need,” he added.

“The Government of India handed over financial assistance of USD 100 million to the Government of Maldives to ease the financial challenges. India remains reliable and steadfast in extending assistance to the Maldives,” the Foreign Ministry of the Maldives said in a tweet.

Foreign Minister Shahid thanked India for the timely and generous financial assistance of USD 100 million. “It is truly the strength of our ties that enable mutual growth and cooperation reaffirming #MaldivesIndiaPartnership,” he tweeted.

“Our friendship is strong – that is why it has borne fruit. Our friendship is deep – that is why it is appreciated by everyone. Friendship goes on like time, and if friendship is like us then it makes history!” he added.

According to a PTI report, Foreign Secretary Vinay Kwatra, last month, visited Male where he met Maldivian Defence Minister Mariya Didi and discussed ways to further boost defence cooperation between the two countries.

He had also handed over 24 utility vehicles of a diverse range acquired under India’s grant aid to the Maldives National Defence Force.

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