Masha Midhath   05 August 2024 - 07:50 PM
Today, the Maldives and the United States signed the fourteenth amendment to the Development Objective Grant Agreement (DOAG) in a ceremony held at the Ministry of Foreign Affairs.

The amendment was executed by Minister of State for Foreign Affairs Sheryna Abdul Samad on behalf of the Government of the Republic of Maldives and USAID Mission Director Gabriel Grau on behalf of the Government of the United States of America.

The DOAG is a pivotal development cooperation agreement aimed at enhancing the Maldives' technical capacity in managing public finances and strengthening the nation's economic and democratic governance. Since its inception, the agreement has seen incremental increases in funding, reflecting the deepening partnership between the two countries.

With this latest amendment, the United States Government has pledged an additional USD 8.5 million, bringing the total value of the agreement to USD 45.7 million. This increase is set to further support the Maldives in advancing its development goals and improving resilience.

The signing ceremony was attended by senior officials from both the Ministry of Foreign Affairs and the USAID Mission to the Maldives, highlighting the collaborative effort and commitment to continued support and partnership.

The enhancement of the DOAG underscores the ongoing commitment of the United States to assist the Maldives in its development journey, ensuring sustained progress in governance and economic management.