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India announces $500 million for Maldives’

  • Category
    International Relations
  • Published
    17th Aug, 2020
  • Even as the Covid-19 crisis strained its own economy, India has loosened its purse strings and pledged a new financial package of $ 500 million to support an infrastructure project in the Maldives – ostensibly to counter China’s attempts to spread its geo-strategic influence over the Indian Ocean nation.

Context

  • Even as the Covid-19 crisis strained its own economy, India has loosened its purse strings and pledged a new financial package of $ 500 million to support an infrastructure project in the Maldives – ostensibly to counter China’s attempts to spread its geo-strategic influence over the Indian Ocean nation.
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