India Extends Financial Aid of $250 Million to Maldives
Indian government on September 20 extended a financial aid of $250 million to Maldives to pacify the economic sufferings caused by the pandemic. The loan was requested by Maldives' President Ibrahim Solih to Indian PM Narendra Modi in order to help the looming economic difficulties. Sent through the State Bank of India, the aid has a very low rate of interest and can be paid in 10 years.