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The Maldives President, Mohamed Muizzu, is on a four-day visit to India, marking a significant step in mending strained relations between the two nations. This visit comes in the wake of a diplomatic spat over India's troop presence in the Maldives. The Maldives has found itself facing an economic crisis, with dwindling foreign exchange reserves, and is looking to secure much-needed financial assistance from India.
The visit has been welcomed by India, with President Muizzu receiving a ceremonial welcome at the Rashtrapati Bhavan in New Delhi. This signifies India's commitment to strengthening ties with the Maldives, particularly in light of the recent tensions. The visit offers a platform for high-level discussions between both countries, focusing on economic cooperation, security, and regional stability.
The economic situation in the Maldives has reached a critical point. The country heavily relies on tourism, which has been severely impacted by the global pandemic and subsequent economic downturn. The depletion of foreign exchange reserves has highlighted the urgency for economic support. India's role in providing financial aid could be crucial in stabilizing the Maldivian economy and mitigating the crisis.
Source: Maldives President's India visit: A visit aimed at repairing relations amid economic struggles