India's 2024/2025 budget, presented by Finance Minister Nirmala Sitharaman at Parliament on Thursday, proposes US$72 million in aid to the Maldives, the second-largest grant allocation behind Bhutan. The aid is expected to cover the Thilamalé Bridge, Hanimaadhoo International Airport and Hulhumalé housing projects amid strained India-Maldives relations.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
This was revealed as India's Minister of Finance Nirmala Sitharaman presented the 2024/2025 budget at the nation's Parliament on Thursday.
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India's initial allocation earmarked for the Maldives for the 2023/2024 fiscal year was estimated at US$48.1 million. However, with adjustments, the figure increased to US$72 million.
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India, in its 2022/2023 fiscal year allocation, had provided US$22 million in grant aid to the Maldives.
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The Thilamalé Bridge is to receive US$100 million in grant funding from the Government of India.
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signing 20 Memoranda of Understanding (MoU) with several Chinese government-backed interests
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