Maldives, India Sign Eight Agreements, Including Step Toward FTA, $565M Credit Line

Maldives and India signed eight agreements on July 25, 2025, including initiating work towards a Free Trade Agreement (FTA) and a new $565 million line of credit (LOC) for development projects. The agreements were exchanged at a ceremony at the President's Office in Malé, attended by Indian Prime Minister Narendra Modi and Maldives President Mohamed Muizzu. The LOC includes $450 million remaining from a previous $800 million LOC arranged under former President Ibrahim Mohamed Solih, plus $115 million in fresh funds. Other agreements cover fisheries, climate, digital transformation, medicine imports, and launch of UPI. Modi stated India will always assist Maldives. The visit marks a reset in relations after tensions over Muizzu's pro-China stance.

Maldives and India signed eight agreements on July 25, 2025, including initiating work towards a Free Trade Agreement (FTA) and a new $565 million line of credit (LOC) for development projects. The agreements were exchanged at a ceremony at the President's Office in Malé, attended by Indian Prime Minister Narendra Modi and Maldives President Mohamed Muizzu. The LOC includes $450 million remaining from a previous $800 million LOC arranged under former President Ibrahim Mohamed Solih, plus $115 million in fresh funds. Other agreements cover fisheries, climate, digital transformation, medicine imports, and launch of UPI. Modi stated India will always assist Maldives. The visit marks a reset in relations after tensions over Muizzu's pro-China stance.

Maldives and India signed eight agreements on July 25, 2025, including initiating work towards a Free Trade Agreement (FTA) and a new $565 million line of credit (LOC) for development projects. The agreements were exchanged at a ceremony at the President's Office in Malé, attended by Indian Prime Minister Narendra Modi and Maldives President Mohamed Muizzu. The LOC includes $450 million remaining from a previous $800 million LOC arranged under former President Ibrahim Mohamed Solih, plus $115 million in fresh funds. Other agreements cover fisheries, climate, digital transformation, medicine imports, and launch of UPI. Modi stated India will always assist Maldives. The visit marks a reset in relations after tensions over Muizzu's pro-China stance.

This story involves 1 source and may affect public understanding of credit line / fta.