The new loan follows a US$500 million pledge by New Delhi in August to help build bridges and causeways in the nation.
India provides soft loan of $250 mn to the Maldives
The aid was welcomed by the Maldives’ foreign minister Abdulla Shahid, who said it would help bridge the revenue gap and meet his government’s immediate needs. The Covid-19 pandemic has had a massive …
India provides soft loan of $250 mn to the Maldives
The aid was welcomed by the Maldives’ foreign minister Abdulla Shahid, who said it would help bridge the revenue gap and meet his government’s immediate needs. The Covid-19 pandemic has had a massive …
India to loan coronavirus-hit Maldives $250 million
The Indian Ocean archipelago, renowned for its luxury resorts, has been badly hit by the pandemic, with foreign tourists failing to flock back in large numbers after international flights restarted in …
India to loan coronavirus-hit Maldives $250m
India on Sunday announced a $250 million loan to the Maldives to boost its coronavirus-battered economy in a further bid to counter China’s growing financial footprint in South Asia. The Indian Ocean …
India Extends USD 250 million In Financial Support To Maldives To Overcome Impact Of COVID-19
India has provided financial assistance of USD 250 million to the Maldives to help it mitigate the economic impact of the COVID-19 …
India provides $250 million worth financial assistance to the Maldives
The funds have been made available to the Maldives in response to a request by Maldivian President Ibrahim Mohamed Solih during a recent telephone call with Prime Minister Narendra Modi …
Rio Ferdinand interview: ‘I loved chilling out in the Maldives, but what I really want to do is ski’
When the sun doesn’t come out on holiday it is, for me, the biggest disappointment. There’s nothing I like more than chilling out on the beach, watching the day go by from a sunlounger and never …
Chinese debt casts shadow over Maldives’ economy
China has faced criticism for its infrastructure projects in the developing countries, which are disguised as debt traps intended to increase Chinese footprints in the region.
China debt dogs Maldives’ ‘bridge to prosperity’
And the single mother of two teenagers has China to thank. A 2.1km (1.3-mile), four-lane bridge built with $200m (£148m) from Beijing means Male’s taxi drivers can now pick up passengers right from …