TNPSC Thervupettagam

Line of Credit to Pacific Islands

October 4 , 2019 1881 days 1021 0
  • Prime Minister Narendra Modi has announced a $150 million line of credit to the group of Pacific island nations.
  • The money will be used for undertaking solar, renewable energy and climate related projects based on their requirement.
  • It was announced at India-Pacific Islands Developing States (PSIDS) Leaders' Meeting, held on the sidelines of the 74th session of the UN General Assembly.
  • The Pacific Island Countries involved are

Republic of Kiribati

Republic of Palau

Fiji

Republic of Marshall Islands

Republic of Vanuatu

Federated States of Micronesia

Republic of Nauru

Kingdom of Tonga

Tuvalu

Independent State of Papua New Guinea

The Independent State of Samoa

Solomon Islands

 

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