India Helps Maldives with USD 100 Million to Ease Economic Challenges

India has provided financial assistance of USD 100 million to the government of Maldives amid the financial difficulties faced by the country.

A symbolic check was handed over to Foreign Minister Abdulla Shahid by High Commissioner of India Munu Mahavar at a ceremony held at the Ministry of External Affairs in Maldives. Financial assistance of US$ 100 million to the Government of Maldives will be provided by SBI, Male through subscription to Maldivian Government Domestic Treasury Bonds.

External Affairs Minister S. Jaishankar joined in the event via videoconferencing and said the special partnership between the two countries “is marked by genuine concern for each other’s welfare and interests delivers every single time”.

“Joined Foreign Minister @abdulla_shahid &Finance Minister @iameeru at the handover ceremony of financial assistance of USD 100 million to Government of Maldives,” Jaishankar said in a tweet.

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

Speaking at the event, Minister Shahid highlighted the effectiveness of President Solih’s visionary foreign policy in building trust and confidence in the Maldives for the international community. They reflected on the importance of the historically close ties between Maldives and India in providing significant support to Maldivian progress and development.

Maldives Ministry of Foreign Affairs said India remains reliable and steadfast in extending assistance to the Maldives.

“The Government of India handed over financial assistance of US$ 100 million to the Government of Maldives to ease the financial challenges. #India remains reliable and steadfast in extending assistance to the Maldives,” it said.

The event was attended by Maldives Minister of Finance Ibrahim Ameer.

Members of Parliament, High Commissioners, senior officials from the Ministry of Finance, the High Commission of India in Maldives, and the State Bank of India also attended the ceremony.