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India offers financial support to Maldives after talks to repair ties

  • India will provide hundreds of millions in financial support to the Maldives to aid its struggling economy, following talks between President Mohammed Muizzu and Prime Minister Narendra Modi.
  • Prime Minister Narendra Modi emphasized that "development partnership is an important pillar of our relationship" during the discussions in New Delhi.
  • The agreement includes a $100-million treasury bills rollover and a $400-million currency swap agreement to support the Maldives.
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