Politics

Indian aid declining: Maldives ambassador

“There is more project funding that is coming from China into Maldives when compared to what’s coming from India,” Ahmed Mohamed told Indian media.

08 May 2018, 9:00 AM
India’s share of investment and project funding in its small island neighbour is declining, the Maldives ambassador told the Deccan Chronicle on Sunday.
“There is more project funding that is coming from China into Maldives, when compared to what’s coming from India. Yes, India’s share is declining but we have never said ‘no’ to encouraging India’s share,” Ahmed Mohamed was quoted as telling reporters during a two-day visit to Chennai.
Since multi-party democracy was introduced with the 2008 constitution, presidents must deliver development projects to get re-elected, he explained.
“And for that, we approach all our bilateral partners to provide project funding. We don’t ask for grants; we ask for loans, concessional loans. India also has provided through Exim Bank funding for some housing projects and road constructions. But can I say provide more funding for more projects? That’s not our call. If you want to promote your interests in Maldives, it is your responsibility; not mine.”

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