• Latest
  • Trending

President Solih assures Maldivians that Indian aid of US$ 1.4 bn is on favorable terms

December 29, 2018
Apple

Why your new Apple iPhone 15 is overheating

October 3, 2023
Ranil Wickremesinghe’s explosive interview to DW

Ranil Wickremesinghe’s explosive interview to DW

October 3, 2023
Roots of Sikh gangsterism in Canada

Roots of Sikh gangsterism in Canada

October 3, 2023
Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

October 3, 2023
Mosquitoes

WHO recommends malaria vaccine that will be rolled out next year

October 3, 2023
Kumar Sangakkara

Kumar Sangakkara appointed as new chair of MCC’s World Cricket Committee

October 3, 2023
FILE PHOTO: A Tesla Model 3 electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo

Sri Lanka to implement new vehicle revenue licence issuing system

October 2, 2023
Nepal wants development aid from China, not a security pact

Nepal wants development aid from China, not a security pact

October 2, 2023
Winner Muizzu meets Solih to smoothen post-poll transition  

Winner Muizzu meets Solih to smoothen post-poll transition  

October 2, 2023
New Maldivian President to balance India and China

New Maldivian President to balance India and China

October 2, 2023
Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

October 1, 2023
Lankan Govt to investigate flight of a Tamil judge from the country

Lankan Govt to investigate flight of a Tamil judge from the country

October 1, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Wednesday, October 4, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Ranil Wickremesinghe’s explosive interview to DW

    Ranil Wickremesinghe’s explosive interview to DW

    Roots of Sikh gangsterism in Canada

    Roots of Sikh gangsterism in Canada

    Kumar Sangakkara

    Kumar Sangakkara appointed as new chair of MCC’s World Cricket Committee

    FILE PHOTO: A Tesla Model 3 electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo

    Sri Lanka to implement new vehicle revenue licence issuing system

    Nepal wants development aid from China, not a security pact

    Nepal wants development aid from China, not a security pact

    Winner Muizzu meets Solih to smoothen post-poll transition  

    Winner Muizzu meets Solih to smoothen post-poll transition  

    New Maldivian President to balance India and China

    New Maldivian President to balance India and China

    Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

    Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

    Lankan Govt to investigate flight of a Tamil judge from the country

    Lankan Govt to investigate flight of a Tamil judge from the country

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Apple

    Why your new Apple iPhone 15 is overheating

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    Is Canada becoming the “new Pakistan” for India

    Is Canada becoming the “new Pakistan” for India

    China

    What China’s economic problems mean for the world

    Haikun: Taiwan unveils new submarine

    Taiwan unveils new submarine to fend off China

    Saga of the takeover of Kandy seen through British eyes

    Saga of the takeover of Kandy seen through British eyes

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

    Barbie

    Lebanon bans ‘Barbie’ movie

    How I came to love ‘Oppenheimer’ and still detest the bomb

    How I came to love ‘Oppenheimer’ and still detest the bomb

    Rajnikanth

    Back Offices in Chennai, Bengaluru declare holiday on August 10 for Rajnikanth’s ‘Jailer’ movie premiere

    Taylor Swift

    Taylor Swift Seattle concert generates seismic activity

    Actors Emily Blunt (L), Cillian Murphy (centre) and Florence Pugh (R) at the premiere of Oppenheimer. Image credits - Getty Images.

    Hollywood actors announce historic strike

    Hugh Jackman dons classic Wolverine suit in Deadpool

    Hugh Jackman dons classic Wolverine suit in Deadpool 3 first look

    David Corenswet and Rachel Brosnahan will star in the film, set to come out in 2025. Image credits - Getty Images

    Superman: Legacy finds its Superman and Lois Lane

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    The world’s 50 best restaurants for 2023 revealed

    The Upper House (Hong Kong): This beloved Hong Kong classic sits above Admiralty's Pacific Place and features 117 luxuriously-designed rooms. Courtesy Upper House Hong Kong

    World’s 50 best hotels for 2023 revealed

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Indian government’s decision to delay the census raises suspicions, says Lancet

    This airline wants you to travel without clothes

    This airline wants you to travel without clothes

    Sleep. Image credits - Priscilla Du Preez @priscilladupreez / Unsplash

    Diabetes risk increased by 19% due to one common sleeping habit, study finds

    Barcelona. Image credits - Logan Armstrong loganstrongarms

    The best ‘workcation’ cities for remote and hybrid workers around the world

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Apple

    Why your new Apple iPhone 15 is overheating

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    iOS 17 release: See what’s new in iPhone features

    How to erase everything that Google and Facebook know about you

    How to erase everything that Google and Facebook know about you

    Apple

    France orders Apple to halt iPhone 12 sales

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    Apple debuts iPhone 15 and iPhone 15 Plus

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Ranil Wickremesinghe’s explosive interview to DW

    Ranil Wickremesinghe’s explosive interview to DW

    Roots of Sikh gangsterism in Canada

    Roots of Sikh gangsterism in Canada

    Kumar Sangakkara

    Kumar Sangakkara appointed as new chair of MCC’s World Cricket Committee

    FILE PHOTO: A Tesla Model 3 electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo

    Sri Lanka to implement new vehicle revenue licence issuing system

    Nepal wants development aid from China, not a security pact

    Nepal wants development aid from China, not a security pact

    Winner Muizzu meets Solih to smoothen post-poll transition  

    Winner Muizzu meets Solih to smoothen post-poll transition  

    New Maldivian President to balance India and China

    New Maldivian President to balance India and China

    Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

    Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

    Lankan Govt to investigate flight of a Tamil judge from the country

    Lankan Govt to investigate flight of a Tamil judge from the country

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Apple

    Why your new Apple iPhone 15 is overheating

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    Is Canada becoming the “new Pakistan” for India

    Is Canada becoming the “new Pakistan” for India

    China

    What China’s economic problems mean for the world

    Haikun: Taiwan unveils new submarine

    Taiwan unveils new submarine to fend off China

    Saga of the takeover of Kandy seen through British eyes

    Saga of the takeover of Kandy seen through British eyes

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

    Barbie

    Lebanon bans ‘Barbie’ movie

    How I came to love ‘Oppenheimer’ and still detest the bomb

    How I came to love ‘Oppenheimer’ and still detest the bomb

    Rajnikanth

    Back Offices in Chennai, Bengaluru declare holiday on August 10 for Rajnikanth’s ‘Jailer’ movie premiere

    Taylor Swift

    Taylor Swift Seattle concert generates seismic activity

    Actors Emily Blunt (L), Cillian Murphy (centre) and Florence Pugh (R) at the premiere of Oppenheimer. Image credits - Getty Images.

    Hollywood actors announce historic strike

    Hugh Jackman dons classic Wolverine suit in Deadpool

    Hugh Jackman dons classic Wolverine suit in Deadpool 3 first look

    David Corenswet and Rachel Brosnahan will star in the film, set to come out in 2025. Image credits - Getty Images

    Superman: Legacy finds its Superman and Lois Lane

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Hungarian and US scientists win Nobel in medicine for COVID-19 vaccine work

    Mosquitoes

    WHO recommends malaria vaccine that will be rolled out next year

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    The world’s 50 best restaurants for 2023 revealed

    The Upper House (Hong Kong): This beloved Hong Kong classic sits above Admiralty's Pacific Place and features 117 luxuriously-designed rooms. Courtesy Upper House Hong Kong

    World’s 50 best hotels for 2023 revealed

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Indian government’s decision to delay the census raises suspicions, says Lancet

    This airline wants you to travel without clothes

    This airline wants you to travel without clothes

    Sleep. Image credits - Priscilla Du Preez @priscilladupreez / Unsplash

    Diabetes risk increased by 19% due to one common sleeping habit, study finds

    Barcelona. Image credits - Logan Armstrong loganstrongarms

    The best ‘workcation’ cities for remote and hybrid workers around the world

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Apple

    Why your new Apple iPhone 15 is overheating

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    iOS 17 release: See what’s new in iPhone features

    How to erase everything that Google and Facebook know about you

    How to erase everything that Google and Facebook know about you

    Apple

    France orders Apple to halt iPhone 12 sales

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    Apple debuts iPhone 15 and iPhone 15 Plus

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Business

President Solih assures Maldivians that Indian aid of US$ 1.4 bn is on favorable terms

Editor by Editor
December 29, 2018
in Business, India, Maldives, Recommend, Top Story
Reading Time: 2 mins read
2 0
A A
Share on WhatsApp

Male, December 30 (Maldives Independent): 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.

ADVERTISEMENT

For the rest, India opened a line of credit up to US$800 million to finance infrastructure projects, and an existing currency swap arrangement was increased to US$400 million to shore up the foreign currency reserve.

He stressed that the loans would be offered on concessional terms. “When contractors are taken for projects carried out with these loans, we have agreed that having a Maldivian partner would be obligatory,” he added.

The new administration would not enter any agreement that undermines Maldivian independence and sovereignty, President Solih declared, dismissing reports of allowing foreign military bases in the country as “completely untrue.”

The Maldives did not sign any reciprocal agreements aside from visa facilitation, he said.

The official visit to India this week was hailed as the beginning of a “new era” of diplomatic relations with the giant neighbour.

Historically close ties were strained under former president Abdulla Yameen, who forged a partnership with India’s rival China and secured financing for flagship infrastructure projects, stoking fears in New Delhi of loss of influence and possible military bases in its backyard.

The Indian funds would not be used to pay down an estimated US$1.5 billion owed to China, Solih said.

The president went on to address the controversy over two Indian helicopters, which the previous administration wanted India to take back amid speculation of unauthorised military uses.

The helicopters are operated by Indian pilots but used as directed by Maldivian authorities for medical evacuations and search and rescue operations, Solih said.

The agreement for the helicopters were renewed by the administrations of both former presidents Abdulla Yameen and Dr Mohamed Waheed, he noted.

(Maldivian President Ibrahim Mohamed Solih addresses the media)

Related Posts

Ranil Wickremesinghe’s explosive interview to DW
Around The World

Ranil Wickremesinghe’s explosive interview to DW

October 3, 2023
Roots of Sikh gangsterism in Canada
Canada

Roots of Sikh gangsterism in Canada

October 3, 2023
Winner Muizzu meets Solih to smoothen post-poll transition  
Governance

Winner Muizzu meets Solih to smoothen post-poll transition  

October 2, 2023
New Maldivian President to balance India and China
China

New Maldivian President to balance India and China

October 2, 2023
Envoy Moragoda bids farewell to Indian NSA and Commerce Minister
Diplomacy

Envoy Moragoda bids farewell to Indian NSA and Commerce Minister

October 1, 2023
Pro-India Solih loses to pro-China Muizzu in Maldivian Presidential poll
China

Pro-India Solih loses to pro-China Muizzu in Maldivian Presidential poll

October 2, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60413 shares
    Share 24187 Tweet 15094
  • Registration open for National Fuel Pass

    6647 shares
    Share 2696 Tweet 1646
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    2097 shares
    Share 845 Tweet 522
  • 12 hour water cut in areas of Colombo

    818 shares
    Share 349 Tweet 196
  • WATCH : Yohani’s first live performance in India

    791 shares
    Share 329 Tweet 193
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- mersin escort - Antalya korsan taksi -
ip booter
-
deneme bonusu
- deneme bonusu veren siteler - Kiralık bahis sitesi - vbet giriş