India, Maldives sign four MoUs to boost ties New Delhi will support Maldives Foreign Minister's candidature for UNGA president

#GS2 #GOVERNANCE

  • New Delhi and Male signed four agreements, including a $100 million Indian grant for an ambitious connectivity project.
  • In addition to two MoUs for “high impact” community development projects, the countries signed an MoU on cooperation in sports and youth affairs and another for the $100 million grant, which is part of India’s “$500 million package” for the Greater Male Connectivity Project(GMCP). 
  • The two governments inked a deal for a $400 million line of credit from the Exim Bank of India.
  • Amid New Delhi’s growing concern over China’s growing influence in the region, the ties with the Maldives have remained under sharp focus.
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