India & Maldives sign 5 deals to boost infrastructure

External Affairs Minister (EAM), S. Jaishankar was on a two-day official visit to the archipelago nation the Maldives to review bilateral ties and development cooperation. During this visit, Mr S Jaishankar handed over 1 lakh additional doses of the made-in-India COVID-19 vaccine to the Maldives. With this, the total Covid vaccine doses gifted by India for the Maldives reaches two lakh. Jaishankar also offered a $40-million line of credit (LoC) to support the development of sports infrastructure in the Maldives.

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Apart from this, five pacts were signed between India and Maldives to boost infrastructure in the island nation. They included:

Amendatory Agreement to repurpose an older EXIM Bank of India Line of Credit of USD 25 million for Road Devt.
Letter of Intent between EXIM Bank and local authorities for financing a housing project of 2000 units in Hulhumale.
MoU on grant funding USD 0.5 million for a fish processing plant in Kendhikulhudhoo in the northern Maldives.
MoU on capacity building and exchange of content and expertise between Prasar Bharati and Public State Media, Maldives.
MoU on sustainable urban development between MoHUA and Ministry of national planning, housing and infrastructure, Maldives.

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