Bilateral relations between India and Maldives continued to be close and friendly. Both the countries remained engaged in further strengthening their friendly relations through high level exchanges and implementing various developmental projects. The newly elected President Mr. Mohamed Nasheed paid a State visit to India from 23-25 December 2008, during which an agreement on Standby Credit facility of US$ 100 million to Maldives and an Air Services Agreement were signed between the two countries. MoS for Commerce, Shri Jairam Ramesh visited Maldives from 29-31 January 2008. In January and February 2009, Defence Minister and Minister of Health and Family of Maldives visited India to enhance cooperation in security related issues and health respectively.