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Modi announces $1.4 billion financial aid to Maldives

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India will provide a financial assistance of $1.4 billion to the Maldives, Prime Minister Narendra Modi said on Monday during a press conference with the visiting president of the South Asian archipelago."For Maldives' social and economic development we are providing a financial assistance of $1.4 billion in the form of budgetary support, currency swap agreements and concessional lines of credit," Modi said.Mohammed Ibrahim Solih, who won a surprise election in September, is try to reset ties with regional power India after the previous president drew the Maldives closer ...

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First Published: Mon, December 17 2018. 13:59 IST