India to provide $1.4bn in financial aid to Maldives

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India to provide $1.4bn in financial aid to Maldives[size=0.8em]By Amy Kazmin,Jyotsna Singh in New Delhi
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India has agreed to provide $1.4bn in financial assistance to the Maldives, as New Delhi seeks to restore what had been its waning influence over the strategically significant archipelago nation.

The offer came as Indian prime minister Narendra Modi rolled out the red carpet for Ibrahim Mohamed Solih, the Maldivian president, who is on his first overseas visit since his shock election victory three months ago.

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