Introduction
The Maldives and the United States have further solidified their development cooperation by signing the fourteenth amendment to the Development Objective Grant Agreement (DOAG). This amendment represents a significant step in enhancing the technical capacity and economic resilience of the Maldives.
Signing Ceremony
The signing ceremony took place at the Ministry of Foreign Affairs. Minister of State for Foreign Affairs, Sheryna Abdul Samad, represented the Government of the Republic of Maldives, while USAID Mission Director, Gabriel Grau, represented the Government of the United States of America. The event was attended by senior officials from both the Ministry of Foreign Affairs and the USAID Mission to the Maldives, underscoring the continued commitment of both nations to this important partnership.
About the DOAG
The DOAG is a landmark agreement aimed at strengthening the Maldives’ technical capacity in managing public finances and enhancing the resilience of the country’s economic and democratic governance. Over the years, the funding allocated through this agreement has seen gradual increases. With this latest amendment, the United States Government has committed an additional USD 8.5 million to the Maldives, raising the total value of the agreement to USD 45.7 million.
Significance of the Amendment
This amendment demonstrates ongoing efforts to support the Maldives in achieving sustainable development goals and fortifying its governance structures. It reflects the strong bilateral relations between the two countries and their shared commitment to the Maldives’ development.
Conclusion
The fourteenth amendment to the DOAG signifies a deepening of the development cooperation between the Maldives and the United States. By increasing the funding and support, both nations are taking crucial steps towards ensuring the sustainable development and governance of the Maldives.
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