India extends $50 mn budgetary support to Maldives
Amid signs of a thaw, India extends emergency financial assistance to Maldives
The Maldives is grappling with a serious economic downturn, with revenues and foreign currency reserves having been severely impacted
‘Generous gesture’: India extends $50 million crucial budgetary support to Maldives
India has extended budgetary support to the Maldives by rolling over a USD 50 million Treasury Bill for another year, following a request from the Maldivian government. ;
Maldives hails India's 'generous crucial budgetary support', aid comes ahead of upcoming Sukuk payments
The Indian aid to the island nation comes amid a potential threat of sukuk default, which would be the world’s first. Maldives has about $500 million in outstanding sukuk debt due in 2026, according to data compiled by Bloomberg.
India extends $50 mn budgetary support to Maldives for another year
India has extended budgetary support to the Maldives by rolling over a USD 50 million Treasury Bill for another year. This move comes at the request of the Maldivian government and reflects India's commitment to its 'Neighbourhood First' policy.
India-Maldives relations: SBI's investment supports Maldives' treasury needs
India has decided to offer budgetary support to Maldives for another year. Watch to know more.
India Extends Financial Support to Maldives with USD 50 Million Treasury Bill Rollover
India has once again extended its financial support to the Maldives by rolling over a USD 50 million Treasury Bill for another year. This de..|News Track
Maldives Thanks India For $50M Budgetary Support: Second Boost This Year
At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills.
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