Maldives president defends Indian assistance

President Ibrahim Mohamed Solih defended Wednesday financial assistance of US$1.4 billion secured from India during his recent state visit, dismissing opposition criticism over debt and sovereignty.“I want to assure the Maldivian people today that the nation will not be further indebted because of this,” Solih said in his first press briefing since assuming office last month.The Indian assistance includes US$200 million as budget support to ease cashflow constraints, of which US$50 million was grant aid and US$150 million would be invested in treasury bills and bonds at a 1.5 percent interest rate, he said................


Please or to Read More Entire Article

Related Tags

Article by Same Author

In case you come across any suspicious activity, any suspicious movement or have any information to tell to the Anti-Terror Squad, please take a note of the new ALL INDIA TOLL-FREE Terror Help-line '1090'. Your city's Police or Anti-Terror squad will take action as quickly as possible. Remember that this single number 1090 is valid all over india. This is a toll free number and can be dialled from mobile phones also. Moreover, the identity of the caller will be kept a secret.

Please try to make aware each and every citizen of india about this facility.

Helpline 1090
Y! MyWeb