India provides $250 million support to the Maldives

India provides $250 million support to the Maldives

  • India has provided the amount of $250 million as support to the Maldives. this amount will help Maldives in mitigating the economic impact of the COVID-19 Disease.
  • India has enlarged The budgetary support of USD 250 million. No conditions have been kept between the two nations.
  • The Maldives is going to get financial assistance through the State Bank of India (SBI). it will not show in the external borrowings of the Maldives.
  • On the other hand, India Govt takes guarantee for this financial assistance.

About the Maldives –
Capital – MalĂ©
Currency – Maldivian rufiyaa
President – Ibrahim Mohamed Solih
Vice President – Faisal Naseem

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