In a ceremony held at President’s Office, India signed an
agreement to grant Maldives US$100 million (Rf1.5 billion) to settle treasury
bonds.
Prior to the signing, US$30 million of the credit facility
was issued on October 31 by the Indian government.
The permanent secretary at the Maldivian Foreign Ministry Mohamed
Naseer and India’s Foreign Secretary Ranjan Mathai signed the agreement at the
presence of President Mohamed Nasheed and Prime Minister Manmohan Singh.
Apart from the loan agreement, five agreements were signed
between the two countries; they were a prisoner transfer agreement, framework
agreement on cooperation for development, agreement on renovation of Indira Gandhi
Memorial Hospital (IGMH), a counter-terrorism agreement and an agreement on
collaborative projects between 2012-2015.
The two leaders also announced their shared interest in opening ferry services between the two countries.
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Written by: Ibrahim Nazim
12 November 2011, Saturday
16 Thw al-Hijjah 1432
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