The Edition
facebook icon twitter icon instagram icon linkedin icon

Latest

India quadruples aid for Maldives

Nafaahath Ibrahim
03 February 2019, MVT 18:04
Indian Prime Minister Narendra Modi (R) shakes hands with Maldives President Ibrahim Mohamed Solihas prior to a meeting in New Delhi on December 17, 2018. - Maldivian President is on three-day of state visit to India till December 18. (Photo by Prakash SINGH / AFP)
Nafaahath Ibrahim
03 February 2019, MVT 18:04

India has increased aid for Maldives by four times in the country's annual budget proposed for 2019 to 2020.

In the budget proposed to the Indian parliament, MVR 5.5 billion was allocated as aid for Maldives. This is 460 percent more than the MVR 1.2 billion given in 2018.

India's estimated budget for 2019 includes USD 2.8 billion as foreign aid for neighbouring countries. From this set amount, Butan was allocated USD 1.6 billion, which is 40 percent of the entire foreign aid budget.

President Ibrahim Mohamed Solih visited India in December 2018 on the invitation of Indian Prime Minister Narendra Modi. India and Maldives have been maintaining close diplomatic relations.

Share this story

Discuss

MORE ON NEWS