Maldives secures MVR 1.6 bn foreign aid from India in 2025: The Hindu

In a major development, the Maldives has estimated that it will secure MVR 1.6 billion in foreign aid from India in 2025. This significant amount of aid is set to bolster the island nation’s economy and infrastructure.

The Maldives, a popular tourist destination known for its picturesque beaches and luxury resorts, has been facing economic challenges in recent years. The COVID-19 pandemic dealt a severe blow to the country’s tourism industry, which is a key driver of its economy.

With this substantial foreign aid from India, the Maldives is expected to be able to invest in various development projects that will stimulate economic growth and create jobs for its citizens. The aid will also help the Maldives improve its infrastructure, such as roads, bridges, and airports, to further enhance its attractiveness as a tourist destination.

The Maldives and India have a strong bilateral relationship, and this aid package is a testament to the close ties between the two countries. In recent years, India has been a key partner in the development of the Maldives, providing assistance in various sectors such as healthcare, education, and infrastructure.

Overall, the MVR 1.6 billion in foreign aid from India is a much-needed boost for the Maldives as it strives to recover from the economic impact of the pandemic and build a more resilient and prosperous future for its citizens.