Tag Archives: Maldives

India and Maldives discuss ways to boost economic recovery

India and the Maldives on Monday discussed ways to boost the Indian Ocean archipelago’s economic recovery amid the Covid-19 pandemic, including improving tourism and accelerating development projects. The two parties will sign four memorandums of understanding (MoU), including one for India’s $ 100 million grant for the $ 500 million …

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India provides $ 250 million soft loan to Maldives

India on Sunday provided a soft loan of $ 250 million to the Maldivian government as budget support to mitigate the economic impact of the Covid-19 pandemic, the latest in a series of support measures for the Indian Ocean archipelago. The aid was welcomed by Maldivian Foreign Minister Abdulla Shahid, …

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