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India has signed a USD 50 million line of credit (LoC) agreement with the Maldives to facilitate maritime capability building of the island nations. According to a joint India-Maldives joint statement, the agreement was signed between the Government of Maldives and EXIM Bank India. The agreement was signed during the visit of External Affairs Minister S Jaishankar to the Maldives. Welcome the signing of USD 50 million Defence LoC agreement with the Maldives. Will facilitate capability building in the maritime domain, Jaishankar tweeted. Jaishankar, accompanied by a delegation of senior officials from India, paid an official visit to the Maldives on 20-21 February 2021 at the invitation of Maldivian Foreign Minister Abdulla Shahid.

Indian oceanNew delhiMohamed aslamIbrahim ameerMohamed nasheedAbdulla shahidIbrahim mohamed solihPrasar bharatiMinistry of national planningNational planningEconomic developmentDefence forces of the maldivesHigh impact community developmentBank indiaPublic service mediaSecurity council