Why in news?
- Prime Minister Narendra Modi has announced a $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.
More in news
- Modi, who attended the India-Pacific Islands Developing States (PSIDS) Leaders’ Meeting, also announced a total allocation of $12 million to the member states towards implementation of high-impact developmental project in the area of their choice.
- This is the first time PM Modi has met the leaders of the PSIDS on the margins of UNGA in a multi-lateral format.
- PM Modi also invited Leaders of PSIDS to join the Coalition for Disaster Resilient Infrastructure (CDRI).
Source
The Hindu