India will provide a financial assistance of $1.4 billion to the Maldives, Prime Minister Narendra Modi said on Monday during a press conference with the visiting president of the South Asian archipelago, Reuters reports.
"For Maldives' social and economic development we are providing a financial assistance of $1.4 billion in the form of budgetary support, currency swap agreements and concessional lines of credit," Modi said.
Mohammed Ibrahim Solih, who won a surprise election in September, is try to reset ties with regional power India after the previous president drew the Maldives closer to China.
More about: India Narendra-Modi Maldives
About us
If you have a story you think we might be interested to know about please email our news team at [email protected] or phone +994 125975052 and ask to be put through to AzVision.
Azvision.az ©2014 | All rights reserved
