India offers Maldives $1bn in loans to help repay China debt

New Delhi calls for stronger security ties in exchange

20181128N modi maldives

India's Prime Minister Narendra Modi, right, shares a moment with Maldives former President Mohamed Nasheed during the swearing-in ceremony of President-elect Ibrahim Mohamed Solih in Male, Maldives on Nov. 17.

YUJI KURONUMA, Nikkei staff writer

NEW DELHI -- India is considering providing up to $1 billion in loans to the Maldives to help it pay down its debt to China, but only if the island nation agrees to distance itself from Beijing, Indian government sources said.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.