Maldives thanks India for $50 million budget aid after Indian troop withdrawal.

According to the Maldives government, India’s budget support was given as a one-year extension of the government’s US$50 million debt commitment.

Maldivian Foreign Minister Moosa Zameer on Monday praised the Indian government for providing $50 million in budget support to the island nation as bilateral relations worsened after the inauguration of pro-Chinese President Mohammed Muizzu.

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“Thank you @DrSJaishankar of EAM & Govt of #India for extending essential fiscal support to Dives by carrying over $50 million in government bonds. This is a true goodwill gesture that expresses the longstanding friendship between #Maldives and #India,” Zameer , who visited India on 8-10 May during his first bilateral official visit, posted on social networks X.

The Ministry of Foreign Affairs of the Government of the Maldives announced that India’s fiscal support is an extension of the debt obligations of the government of $50 million for one year starting May 13. . 2024 through State Bank of India, Male.

The Maldives government said it is “highly grateful of the liberal bolster that Government of India has been giving to the Maldives within the shape of budgetary support.”

“Large number of infrastructural formative ventures and Tall Affect Community Formative ventures are underway with the help from the Government of India, which comprises of a eminent portion as give help. The Government of Maldives looks forward in proceeding this collaborative organization for the common advantage and success of their people,” the Muizzu government explanation included.

Final week, the Maldives remote serve had said that 76 Indian military faculty were supplanted by civilian workers of the Hindustan Air transportation Restricted which made the two helicopters talented by India, hence moreover ending the tension over the precise number of those repatriated at the request of Male.

Relations between the two countries were under serious strain after Muizzu demanded the withdrawal of Indian troops in the island nation with three military platforms..