India announces $500 mn Aid for Maldives Connectivity Project and $250mn for budgetary support

India has granted $250 million as budgetary support and $500 million for the Greater Male Connectivity Project (GMCP) during a virtual conversation between India’s Union Minister of External Affairs Subrahmanyam Jaishankar and Maldivian Counterpart Abdulla Shahid. India earlier provided $400 million through an extended currency swap arrangement to the Maldives to tide over a liquidity shortage.

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