India Pledges Support to Maldives
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India Pledges Support to Maldives

Source: This post on India Pledges Support to Maldives has been created based on article “India pledges support to Maldives to help it navigate economic issues” published in The Hindu on 4th January 2025.

UPSC Syllabus topic: GS 2- International Relations

Context: The article discusses the strengthening of bilateral ties between India and the Maldives, with a focus on India’s support for the Maldives in addressing its economic challenges. The context revolves around the economic stress faced by the Maldives and India’s proactive role in assisting its neighbor under its “Neighborhood First” policy and Vision SAGAR (Security and Growth for All in the Region). India Pledges Support to Maldives

What is the significance of Maldives in India’s foreign policy?

  1. Maldives is a “very concrete” expression of India’s ‘Neighbourhood First’ policy, according to External Affairs Minister S. Jaishankar.
  2. It is a key maritime neighbor of India in the Indian Ocean Region.

What was discussed during the meeting between S. Jaishankar and Abdulla Khaleel?

  1. They reviewed progress on agreements from Maldivian President Mohamed Muizzu’s visit to India in October.
  2. Both sides finalized a framework to promote the use of local currencies for cross-border trade.
  3. A Memorandum of Understanding was signed for high-impact community development projects under phase-III in the Maldives, funded by Indian grant assistance.

What financial assistance has India provided to the Maldives?

  1. India extended aid to help Maldives tackle its debt crisis, including:
    1. Resubscription of treasury bills.
    2. A currency swap line worth USD 400 million.
    3. Financial assistance of ₹3,000 crore.
  2. India facilitated the export of essential commodities to Maldives as part of ongoing bilateral support.

How did Maldives respond to India’s assistance?

  1. Maldivian Foreign Minister Abdulla Khaleel appreciated India’s financial aid, highlighting its role as the “First Responder” to the Maldives.
  2. He reaffirmed President Muizzu’s commitment to enhancing the India-Maldives Comprehensive Economic and Maritime Security Partnership.

What are India and Maldives aiming for in their partnership?

  1. Both countries aim to realize their joint vision for a comprehensive economic and maritime security partnership.
  2. India reaffirmed its support under its ‘Neighbourhood First’ policy and the Vision SAGAR (Security and Growth for All in the Region) framework.

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