India to give MVR 1.6 billion in aid to Maldives next year

Maldives estimates that it will receive large sums in free aid during 2025.

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[File] President Dr Mohamed Muizzu with Prime Minister of India Narendra Modi during President Muizzu's recent state visit to the country -- Photo: President's Office

Ameera Osmanagic

2024-10-31 19:25:54

Maldives has budgeted an estimate of MVR 1.6 billion in foreign aid from India for the year 2025.

The country has allocated MVR 2.5 billion of its budget for the upcoming year as foreign aid, out of which MVR 2.3 is expected to be received from ally countries.

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