HEP Ibrahim Mohamed Solih, said that India has always risen to the occasion whenever Maldives needed a friend.
Following the 250 Million dollar financial support received from India, President Ibrahim Solih tweeted, thanking Indian government for the loan granted by the country as budget support to Maldives. In his tweet, he extended his gratitude towards India’s PM Mr Narendra Modi for the generous support from India and highlighted that India has always risen to the occasion whenever Maldives needed a friend.
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.
This USD 250 million loan comes after Indian central bank, Reserve Bank of India released USD 150 million to Maldivian central bank, Maldives Monetary Authority (MMA) under a currency swap agreement earlier this year.
Following the 250 Million dollar financial support received from India, President Ibrahim Solih tweeted, thanking Indian government for the loan granted by the country as budget support to Maldives. In his tweet, he extended his gratitude towards India’s PM Mr Narendra Modi for the generous support from India and highlighted that India has always risen to the occasion whenever Maldives needed a friend.
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.
This USD 250 million loan comes after Indian central bank, Reserve Bank of India released USD 150 million to Maldivian central bank, Maldives Monetary Authority (MMA) under a currency swap agreement earlier this year.
