Leadership

India to provide additional line of credit of USD 100 million to Maldives | News

Aug 02, 2022, 09:45PM ISTSource: ANI

Prime Minister Narendra Modi on August 02 announced that India will provide an additional line of credit of USD 100 million to Maldives so that all the projects can be completed in a timely manner. He also stated that coordination between India and the Maldives in the field of defence and security is vital for the peace and stability of the entire region. While addressing a joint press statement with Maldives President Ibrahim Mohamed Solih, PM Modi said, “We reviewed projects for the construction of 4,000 social housing units in Greater Male. We will additionally provide financial support for 2,000 social housing units. We have also decided to provide an additional line of credit of $100 million to the Maldives so that all projects can be completed in a timely manner. The threat of trans-national crime, terrorism and drug trafficking is serious in the Indian Ocean region. That’s why coordination between India and the Maldives in the field of defence and security is vital for the peace and stability of the entire region.”

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