During the handover ceremony of the budget support from India to Maldives, Minister of Foreign Affairs, Mr Shahid says that India has shown an example in providing help amidst the Pandemic.
At the event held at the Ministry of Foreign Affairs, the symbolic cheque was handed over by the High Commissioner of India Sunjay Sudhir to the Minister of Foreign Affairs Abdulla Shahid. This financial aid was given in response to an urgent request made by the President of Maldives Ibrahim Mohamed Solih to the Prime Minister of India Narendra Modi, in efforts to reduce the economic and financial impact due to the outbreak of the COVID-19 pandemic.
Speaking at the event, Mr Shahid highlighted that India has always been a steadfast friend in times of need, and the first to respond to any crisis in the Maldives. He further noted that the financial assistance would help to finance a part of the revenue gap caused due to the halt in the tourism sector, and help to meet the immediate financial requirements faced by the Government.
The financial support of US$250 million to the Government of Maldives will be provided through subscription in Maldives’ Government Domestic Treasury bonds by SBI, Malè.
The special ceremony was attended by the CEO of the State Bank of India along with officials from the Ministry of Foreign Affairs, the Ministry of Finance and the High Commission of India in the Maldives.
At the event held at the Ministry of Foreign Affairs, the symbolic cheque was handed over by the High Commissioner of India Sunjay Sudhir to the Minister of Foreign Affairs Abdulla Shahid. This financial aid was given in response to an urgent request made by the President of Maldives Ibrahim Mohamed Solih to the Prime Minister of India Narendra Modi, in efforts to reduce the economic and financial impact due to the outbreak of the COVID-19 pandemic.
Speaking at the event, Mr Shahid highlighted that India has always been a steadfast friend in times of need, and the first to respond to any crisis in the Maldives. He further noted that the financial assistance would help to finance a part of the revenue gap caused due to the halt in the tourism sector, and help to meet the immediate financial requirements faced by the Government.
The financial support of US$250 million to the Government of Maldives will be provided through subscription in Maldives’ Government Domestic Treasury bonds by SBI, Malè.
The special ceremony was attended by the CEO of the State Bank of India along with officials from the Ministry of Foreign Affairs, the Ministry of Finance and the High Commission of India in the Maldives.
