China lends Maldives 100 million Yuan as free aid
17 Aug 2014, 6:42 PM
Lucy Lovell
The Presidents Office has announced China’s decision to lend 100 million Yuan (around MVR250 million or US$16 million) as free aid to the Maldives.
The agreement was signed yesterday (August 16), after President Abdullah Yameen departed on an official visit to China to attend the opening ceremony of the 2014 Summer Youth Olympics, and to hold discussions with Chinese President, Xi Jinping.
In addition, an agreement was made to provide the Maldives Police Service with 150 motorcycles.
According to the statement, the grant aid is to be used for developmental projects in the Maldives.
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