India hands over US$ 100 mln in financial assistance to Maldives gov't

The Government of India Tuesday handed over a financial assistance of US$ 100 million to the Government of Maldives in a ceremony held at the Ministry of Foreign Affairs.

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 Foreign Minister Abdulla Shahid, on behalf of the Government of Maldives. This financial support of US$ 100 million to the 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 the 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 Finance Minister 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, 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.