Thank you India! Hopefully, this will keep Maldives safe from China.
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NEW DELHI (Reuters) - India will give financial assistance of $1.4 billion to the Maldives, Prime Minister Narendra Modi said on Monday, the biggest aid yet to the Indian Ocean island nation that is grappling with debt from a Chinese building spree.
Modi made the announcement after talks with Maldives’ new president, Mohamed Ibrahim Solih, who defeated the pro-China strongman Abdulla Yameen in a surprise election result in October and is trying to reset ties with India.
During a five-year construction boom in the Maldives, China built a sea bridge connecting the capital, Male, to the main airport and is developing the airport itself, as well as building housing on land reclaimed from the sea.
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India's Modi gives $1.4 billion aid to Maldives amid worry over its China debt | Reuters
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NEW DELHI (Reuters) - India will give financial assistance of $1.4 billion to the Maldives, Prime Minister Narendra Modi said on Monday, the biggest aid yet to the Indian Ocean island nation that is grappling with debt from a Chinese building spree.
Modi made the announcement after talks with Maldives’ new president, Mohamed Ibrahim Solih, who defeated the pro-China strongman Abdulla Yameen in a surprise election result in October and is trying to reset ties with India.
During a five-year construction boom in the Maldives, China built a sea bridge connecting the capital, Male, to the main airport and is developing the airport itself, as well as building housing on land reclaimed from the sea.
…
India's Modi gives $1.4 billion aid to Maldives amid worry over its China debt | Reuters