India-Maldives Relations Improve with Modi Visit

• Maldives President Muizzu thanks India for Mr. Modi’s visit, highlighting the improvement in India-Maldives relationship.

• India exchanged four Memoranda of Understanding (MoUs) and signed three agreements, focusing on key sectors like fisheries, aquaculture, tourism, environment, and digital solutions.

• India extended a fresh Line of Credit (LoC) of ₹4,850 crore to support Maldives’ twin deficit problem.

• An amendatory agreement was signed on reducing Maldives’s annual debt repayment obligations, reducing annual payments to $29 million.

• Observers view renewed collaboration as a necessary and positive development