India on Sunday 21 Feb 2021 reiterated its commitment to the Maldives' security and signed a $50 million defence Line of Credit agreement with it to boost the maritime capabilities of the strategic island nation.
The $50 million credit line agreement for defence projects was signed between the Finance Ministry of Maldives and the Export Import Bank of India.
The signing of the agreement took place after External Affairs Minister S. Jaishankar held talks with Maldivian defence minister Mariya Didi, Minister of Finance Ibrahim Ameer, Minister of Economic Development Fayyaz Ismail and Minister of National Planning, Housing and Infrastructure Mohamed Aslam.
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