International
India extends $ 250 million attached financial assistance to Maldives
The $ 250 million budget support was a response to President Solih’s request to Prime Minister Modi for financial assistance to overcome the difficult economic situation in the Maldives. It is being provided under the most favorable conditions possible for the Maldives, officials told ET.
A handover ceremony was held at the Ministry of Foreign Affairs, Government of Maldives to mark the occasion in the presence of Foreign Minister Abdullah Shahid, Finance Minister Ibrahim Ameer, High Commissioner Sunjay Sudhir and CEO, SBI, Male Bharat Mishra.
The financial aid was first announced during a virtual meeting between Dr. S. Jaishankar and was given through a sale of Treasury Bills to the State Bank of India (SBI), Male which has a 10 year repayment term.
The $ 250 million budget support extends unconditionally; the Maldives government is free to use the money to adjust the domestic economic situation according to its own priorities. Second, financial assistance is being directed through the SBI, Male so as not to reflect on Maldives foreign borrowing, officials informed. India has given a sovereign guarantee to the SBI for this financial assistance.
The $ 250 million soft loan has a comfortable tenor of 10 years and a very low interest rate. Since the principal payment will be paid only at the end of 10 years, it will not impose any immediate debt service obligation other than the two-year interest payment. The Maldives is the only country in which India has provided such assistance, officials informed.
The $ 250 million budget support shows the sustainability and credibility of the India-Maldives relationship. India’s first neighborhood policy and Maldives India’s first policy.
India had provided substantial and ongoing assistance to the Maldives during the COVID-19 pandemic. A team of doctors and specialists visited the Maldives in Mars to help prepare for COVID, a shipment of 5.5 tonnes of essential medicines was donated in April, another shipment of 6.2 tonnes of medicines were transferred from 4 Indian cities to men by the Indian Air Force, and , 580 tonnes of food aid, including food grains, onions, etc. were donated to people in the Maldives in May. Moreover, India has consistently lifted export restrictions on medical consumables, respirators and test kits and reagents throughout the pandemic to assist the Maldives in its battle against COVID-19. India also maintained supply of essential goods to the Maldives, despite global trade disruptions.
500 Maldives in 8 groups of Maldivian patients traveled to India in recent weeks. At the request of the Maldives Government, India will also send doctors and nurses recruited on short-term contracts to strengthen the health system in the Maldives in the battle against COVID-19. The India-Maldives partnership is unique and the COVID-19 pandemic has highlighted this.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
picture credit
to request, modification Contact us at Here or [email protected]
 |
 |
 |
