Former President of the Maldives, Mohamed Nasheed, has praised India’s critical financial assistance during the Maldives’ most severe economic crisis in recent years. In an exclusive interview with ANI ahead of Prime Minister Narendra Modi’s upcoming visit, Nasheed stated that India’s timely intervention was instrumental in preventing the Maldives from defaulting on its debt.
“If not for India, we would have gone into default,” Nasheed said, emphasizing the pivotal role India played in preserving the country’s economic stability.
Nasheed underscored the value of India’s partnership during challenging times, noting that the support was not only financial but also a reflection of regional solidarity and mutual trust.
“Indian assistance and partnership in the Maldives are deeply valued. With mounting financial difficulties and substantial debt obligations, India’s support enabled us to avoid default and maintain economic stability,” he explained.
A Partnership Rooted in Trust and Shared Vision
According to Nasheed, the India-Maldives economic partnership goes far beyond aid—it is based on enduring trust between neighbouring nations.
“This kind of partnership reinforces resilience and fosters trust. It is a model for how neighbours should cooperate,” he said.
Speaking on the Maldives’ foreign policy trajectory, Nasheed acknowledged historical fluctuations between India and China due to election cycles. However, he affirmed that the country’s current orientation is firmly India-centric.
“We have always maintained an India-first foreign policy. While past elections have caused shifts toward China or India, today, across the political spectrum, there is a clear and consistent India-first approach.”
PM Modi’s Visit Reflects Strategic Importance of Maldives
Nasheed welcomed PM Modi’s State Visit on July 25–26, during which the Indian leader will serve as Guest of Honour at the Maldives’ 60th Independence Day celebrations. The visit is expected to strengthen bilateral ties and reinforce India's commitment to the Indian Ocean region under its Neighbourhood First policy and Vision MAHASAGAR.
“Maldives lies across some of the most strategic maritime routes in the Indian Ocean. Prime Minister Modi’s visit reaffirms the importance India places on its relationship with the Maldives. We welcome this engagement, which supports national stability and opens up new pathways for shared prosperity,” Nasheed said.
Robust Defence Cooperation and Maritime Security
Nasheed stressed the necessity of strong defence cooperation between the two countries to ensure security and stability in the region.
“The safety of the Indian Ocean region requires robust defence collaboration. This partnership is not just desirable—it is essential,” he remarked.
He added that both countries have a shared responsibility to secure maritime routes, improve disaster response, and protect marine ecosystems.
India’s Economic Rise Benefits the Region
Highlighting India’s rapid economic ascent, Nasheed noted that India’s development benefits its neighbours, including the Maldives.
“India’s GDP has now surpassed $4 trillion. Its growth is not isolationist—it is inclusive. India seeks to grow with its neighbours, not at their expense.”
He pointed to India’s Neighbourhood First policy as a key opportunity for the Maldives to integrate into a larger economic trajectory.
“Tourist arrivals from India to the Maldives have increased significantly, especially to high-end resorts, showing the strength of our bilateral ties and shared development vision.”
Call for a Structured Trade Agreement
Nasheed advocated for a formal trade agreement between India and the Maldives, particularly to support the growing demand for Maldivian fish in Indian markets.
“Uninterrupted trade always brings mutual benefit. Our fish exports are in high demand in India, reflecting both quality and trust. A structured trade agreement would enhance predictability and unlock further potential.”
He added that such an agreement could extend to shipping, logistics, and sustainable marine practices, areas where both countries have common interests.
“Trade integration must be seen not just as transactional but as a foundation for shared growth. A well-designed trade framework would enhance food security, expand market access, and deepen trust.”
Boosting Tourism and Connectivity
Nasheed also highlighted the Hanimadu Airport project, financed through Indian credit, as a major milestone in boosting tourism and regional connectivity.
He expressed confidence that PM Modi’s visit would further increase Indian tourist arrivals and promote economic development, especially in the northern atolls.
Strategic Reset Expected During Modi’s Visit
PM Modi will arrive in the Maldives from July 25–26, where he will hold talks with President Mohamed Muizzu to review progress under the India-Maldives Joint Vision for a Comprehensive Economic and Maritime Security Partnership. The visit aims to reset and enhance bilateral relations that had seen strain in recent years. (Source: ANI)
