Indian Prime Minister Narendra Modi has announced a $565-million line of credit to the Maldives during his visit to the Indian Ocean archipelago.

On PM Modi's visit, Maldives President Muizzu said, "He is a wonderful person who is very fond of building relationships with India's neighbours."

Maldivian President Muizzu, despite earlier tensions and pro-China leanings, now praises PM Modi, acknowledging India as a key partner. India provided $565 million in aid, aiming to stabilize the Maldives' economy,

Prime Minister Modi sought to drive home the message of unity and friendship as he met with political leaders from different parties in the Maldives. The PM who is on a two-day state visit to the island nation,

Maldives, which has had a pro-China tilt in the past, seems to be warming up to India with President Mohamed Muizzu praising Prime Minister Narendra Modi as a "wonderful person". Coming from someone who rose to power on an "India Out" campaign,

Prime Minister Narendra Modi held a meeting with members of several political parties of the Maldives on Saturday.

During Prime Minister Modi’s visit to the Maldives on Saturday, the Maldives Monetary Authority (MMA) signed an agreement. In a key development during the prime minister’s visit to the Maldives, the Maldives Monetary Authority (MMA) has signed an agreement with NPCI International Payments Limited (NIPL) to integrate the digital payment systems of both countries.

Relations started to improve after Mr Muizzu attended Mr Modi’s swearing-in ceremony for a third five-year term. The Maldives’ president has toned down his anti-Indian rhetoric, and official contacts with New Delhi have intensified as concerns grew about the archipelago nation’s economy.

Hailing ties with India, Maldives President Mohamed Muizzu on Saturday lauded Prime Minister Narendra Modi's landmark two-day visit to the country, asserting that it has given a major boost to the bilateral ties between the two neighbours.