Categories: Agreements

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Important takeaways for all competitive exams:

  • President of the Maldives: Ibrahim Mohamed Solih.
  • Capital of Maldives: Male; Currency of the Maldives: Maldivian Rufiyaa.

Find More News Related to Agreements

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Idris Elba Receives Knighthood from King Charles III, Becomes Sir Idris Elba

British actor, musician and activist Idris Elba has received the Knighthood which is  one of…

3 hours ago

Ajay Rajan Takes Charge as MD & CEO of Protean eGov Technologies

Ajay Rajan has appointed as the new Managing Director and Chief Executive Officer (MD &…

4 hours ago

DK Shivakumar Takes Oath as Karnataka’s 18th Chief Minister

On 3rd of June senior Congress leader the Chief Minister designate DK Shivakumar took oath…

4 hours ago

Venezuela’s Acting President Delcy Rodriguez to Visit India from June 3-7

The Ministry of External Affairs Spokesperson Randhir Jaiswal has announced that the Venezuela's Acting President…

4 hours ago

Indian Banks Among Asia-Pacific’s Best Capitalised Lenders, Says S&P Global

According to the recent data released by S&P Global Market Intelligence multiple Indian banks ranks…

5 hours ago

Government Launches PMRC Scheme 2026 to Attract Top Indian-Origin Researchers

The Department of Higher Education under the Ministry of Education has launched the applications for…

5 hours ago