India has provided financial assistance of USD 250 million to the Maldives to help it mitigate the economic impact of the Covid-19 pandemic, the Indian embassy here said on Sunday. The grant, provided under the most favourable terms possible, was in response to the request made by President Ibrahim Mohamed Solih to Prime Minister Narendra Modi to overcome the difficult economic situation in the Maldives. A handover ceremony was held on Sunday at the Ministry of Foreign Affairs, Government of Maldives to mark the occasion in the presence of Foreign Minister Abdulla Shahid, Finance Minister Ibrahim Ameer, High Commissioner Sunjay Sudhir and CEO, SBI, Male Bharat Mishra, the embassy said in a statement.

India has provided financial assistance of USD 250 million to the Maldives to help it mitigate the economic impact of the Covid-19 pandemic, the Indian embassy here said on Sunday. The grant, provided under the most favourable terms possible, was in response to the request made by President Ibrahim Mohamed Solih to Prime Minister Narendra Modi to overcome the difficult economic situation in the Maldives. A handover ceremony was held on Sunday at the Ministry of Foreign Affairs, Government of Maldives to mark the occasion in the presence of Foreign Minister Abdulla Shahid, Finance Minister Ibrahim Ameer, High Commissioner Sunjay Sudhir and CEO, SBI, Male Bharat Mishra, the embassy said in a statement.