India announces USD 1.4 billion assistance package to Maldives

06th January 2019
India’s Prime Minister Narendra Modi has announced a USD 1.4 billion financial assistance package during President Ibrahim Mohamed Solih’s current State Visit to India. This includes USD 200 million as budget support for the 2019 budget, USD 400 million currency swap facility between the MMA and RBI and USD 800 million credit facility by the Indian EXIM bank.
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