Prime Minister Narendra Modi and Maldives President Mohamed Muizzu reaffirmed their commitment strengthening the India-Maldives partnership during a bilateral meeting in New Delhi on Monday. Their discussions focused on enhancing economic stability, infrastructure development, and mutual cooperation, aiming to address the unique needs of the island nation.
This visit marked President Muizzu's first state visit to India since assuming office in November 2023. He expressed gratitude for India's timely financial support, including the rollover of USD 100 million in Treasury Bills by the State Bank of India (SBI) in May and September 2024. This support has been pivotal in helping the Maldives address immediate fiscal challenges. Additionally, India has provided a USD 400 million bilateral currency swap agreement and an INR 30 billion (approximately USD 360 million) commitment to further stabilise the Maldivian economy. The RuPay card was also launched in the Maldives, aiming to strengthen economic ties and enhance tourism cooperation.
Diese Geschichte stammt aus der October 08, 2024-Ausgabe von The Free Press Journal.
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