Week in review: November 30 – December 7
07 Dec 2013, 4:31 PM
Daniel Bosley
The past week has seen the administration of President Adbulla Yameen make tentative steps towards resolution of the country’s dire economic situation.
The Government of China offered the Maldives US$8.2million in grant aid for development projects. Reports also emerged in Indian media of its government being on the verge of unfreezing a credit standby facility – initiated before the recent deterioration in bilateral ties.
The New Indian Express suggested that the official announcement would be made during Yameen’s visit to India, also announced in the past seven days.
Further aid flows for climate change adaptation projects were also forthcoming, with the European Union pledging an additional €4million to the €34million given since 2009.
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