Brief by Shorts91 Newsdesk / 03:15pm on 12 May 2024,Sunday India Global
Maldivian Foreign Minister Moosa Zameer announced India's approval to extend the repayment deadline for $150 million of a $200 million debt. During his bilateral visit to India, discussions with counterpart S Jaishankar focused on expediting projects aided by India. Zameer emphasized the Maldives' commitment to resuming and completing these initiatives. India's consent to the repayment extension follows the repayment of $50 million in January, without conditions attached. Projects across the Maldives, funded by Indian loans and grants, are progressing, with significant advancements noted.
