Maldives President in India Live Updates: India to extend $100 million line of credit to Maldives; six pacts signed | India News,The Indian Express
Maldives President in India Live Updates, August 2: Maldives President Ibrahim Solih also reiterated his country's "firm commitment to deal with the threat of terrorism."
Maldives President in India Live Updates: Prime Minister Narendra Modi Tuesday stated that India will extend an additional $100 million line of credit to the Maldives. Following bilateral talks between PM Modi and President of Maldives Ibrahim Mohamed Solih, India and Maldives signed six pacts to facilitate cooperation in capacity building, cyber security, housing, disaster management, and infrastructure. Solih also reiterated his country’s “firm commitment to deal with the threat of terrorism.”
Sharing images of the duo, Ministry of External Affairs Spokesperson Arindam Bagchi Tuesday said, “A partnership bound by the waves of the Indian Ocean, underpinned by close historical and cultural ties”. On Monday, Solih met External Affairs Minister S Jaishankar after arriving in New Delhi. Jaishankar said India’s ‘Neighbourhood First’ policy and the Maldives’ ‘India First’ policy are “complementary” and the two policies take the special partnership forward. Solih is on a four-day visit to India.
Solih’s visit to India comes amid his widening political rift with Mohammed Nasheed, former President of the island nation and the current parliament speaker. Both Solih and Nasheed are senior leaders of the Maldivian Democratic Party.
After wide-ranging talks with visiting Maldivian President Ibrahim Mohamed Solih, PM Modi announced a Line of Credit of USD 100 million (one million = 10 lakh)for the neighbouring country for the completion of development projects in a time-bound manner. "We also reviewed projects for the construction of 4000 social housing units in Greater Male today. I am happy to announce that we will additionally provide financial support for 2,000 social housing units," he said in his media statement. "We have also decided to provide an additional line of credit of USD 100 million so that all projects can be completed in a time-bound manner," he added. (PTI)
The threat of trans-national crime, terrorism and drug trafficking is serious in the Indian Ocean, PM Modi said after holding talks with Maldives President Ibrahim Siloh. "Close India-Maldives ties vital for peace," PM Modi said.Siloh, meanwhile, said, "We reiterate firm commitment to deal with threat of terrorism."
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