Current Affairs PDF Sales

Maldives Launches India backed Infrastructure Projects

AffairsCloud YouTube Channel - Click Here

Maldives-launches-India-backed-infrastructure-projectsOn August 27, 2020, the government of Maldives launched India backed infrastructure projects viz. Hulhumale Central Park and renovation of the Arrival Jetty in Maldives during a ceremony which was attended by Foreign Minister Abdulla Shahid, Hulhumalé MP Ali Niyaz, High Commissioner Sunjay Sudhir, MD of Housing Development Corporation Limited (HDC) Suhail Ahmed and officials from the Ministry of Foreign Affairs of Maldives

  • The project is being executed by the HDC through an approximate 10 million Maldivian Rupee grant assistance from India. 
  • It is a part of 18 grant projects being funded by India in the Maldives under a total grant assistance of USD 6.9 million (MVR 106 million) extended in 2019.

Key Points:

-These projects promote healthy lifestyle among the residents.

-India was honoured to be associated with another high-impact grant project in Hulhumalé, namely, furnishing and securing of the Fiyavathi orphanage to make it a safe and secure space for the children it provides shelter to.

Recent Related News:

On July 28, 2020, the Financial Assistance for High Impact Community Development Projects (HICDP) from the Government of India was handed over to the Government of Maldives in the form of a symbolic cheque of USD 5.6 million. The cheque was handed over by the High Commissioner of India to the Maldives Sunjay Sudhir to the Minister of Foreign Affairs Abdulla Shahid. In this regard, Government of Maldives launched nine community-based development projects

About Maldives:
Capital– Male
Currency– Maldivian rufiyaa
President– Ibrahim Mohamed Solih