Which of the following statements regarding the High Impact Community Development Project (HICDP) agreements between India and the Maldives is/are correct?
1. The recent 13 MoUs under the HICDP phase 3 are primarily funded through a high-interest loan provided by the Asian Development Bank.
2. The agreements aim to enhance the Maldives' national ferry network to boost inter-island maritime connectivity.

Question

Accepted Answer

B. 2 only — Statement 1 is incorrect because the project is supported by an MVR 100 million grant directly from India, not a loan from the Asian Development Bank. Statement 2 is correct as the primary focus of these 13 MoUs is to build out the Maldivian national ferry network.

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