China to plough $63m into Maldives projects

Colombo — China on Saturday pledged $63m in grants to Maldives for infrastructure projects, in a bid to deepen co-operation between the two countries.

Wang met Maldives President Ibrahim Mohamed Solih and his counterpart Abdulla Shahid. The two sides also signed an agreement on visa exemptions that will allow Maldivians to travel to China on a 30-day visa-free basis once borders reopen. Maldives and Sri Lanka are both part of China’s Belt and Road Initiative , a long-term plan to fund and build infrastructure linking China to the rest of the world, but which others including the US have labelled a “debt trap” for smaller nations.

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