United States pledges US$20m aid to Maldives
US Ambassador Teplitz hailed the development agreement as “a milestone in the US-Maldives partnership.”
13 Mar 2019, 9:00 AM
The United States will provide US$20 million worth of grant aid to support sustainable development projects in the Maldives, US ambassador Alaina Teplitz told the local press Wednesday.
The ambassador hailed a USAID Development Assistance Agreement signed the previous day as “a milestone in the US-Maldives partnership.” The US$20 million bilateral deal “underscores the US commitment to advancing democracy and economic growth,” she tweeted.
At a meeting with local media outlets Wednesday morning, Teplitz explained the grant aid would fund projects over the next five years. She described the aid agreement as a “very significant commitment to assisting public financial management, rule of law and other areas,” according to Raajje TV.
Under a Development Objective Grant Agreement signed Tuesday, the US committed US$3 million to “improve the resilience of individuals and communities to drive inclusive and sustainable development,” the foreign ministry said.
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