Modi announces $150 mn line of credit to group of Pacific island nations

September 25, 2019 17:03

Prime Minister Narendra Modi has announced a USD 150 million line of credit to the group of Pacific island nations for undertaking solar, renewable energy and climate related projects based on their requirement.

Modi, who attended the India-Pacific Islands Developing States Leaders' Meeting, also announced a total allocation of USD 12 million to the member states towards implementation of high impact developmental project in the area of their choice. The meeting was held on Tuesday on the sidelines of the 74th session of the UN General Assembly in New York.

This is the first time he has met the leaders of the PSIDS on the margins of UNGA in a plurilateral format.

The meeting was attended by the Heads of delegation of Fiji, Republic of Kiribati, Republic of Marshall Islands, Federated States of Micronesia, Republic of Nauru, Republic of Palau, Independent State of Papua New Guinea, The Independent State of Samoa, Solomon Islands, Kingdom of Tonga, Tuvalu and Republic of Vanuatu. -- PTI

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