India and the Maldives have reviewed high-impact community development projects funded by India, with 65 projects worth MVR 360 million currently being implemented. India has also extended budget support by rolling over a $50 million Treasury Bill for an additional year, at the request of the Maldivian Foreign Minister. The Maldivian Foreign Ministry expressed gratitude for the continued support.
The Maldivian government on Monday, May 13th, expressed gratitude to India for its vital budgetary support, terming it a testament to the longstanding friendship between the two nations. This development comes shortly after Maldivian Foreign Minister Moosa Zameer visited India and met with External Affairs Minister S Jaishankar, indicating a positive shift in relations. India provided a budget support of USD 50 million to the Maldives, which is intended for infrastructural and community development projects. The Maldives expressed appreciation for India’s ongoing assistance, emphasizing its value in promoting mutual benefit and prosperity.
