'Grateful to PM Modi': Maldives thanks India for $50 million crucial budgetary support
The State Bank of India (SBI) subscribed the Maldivian government’s $50 million treasury bills for a period of one year from the date of the previous subscription, which was 19, 2024
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.
"Generous Gesture": Maldives As India Sends "Crucial Budgetary Support"
Maldives Foreign Minister Moosa Zameer has expressed gratitude to External Affairs Minister S Jaishankar as the Indian government extended budgetary support to the Maldives with the rollover of the USD 50 million Treasury Bill.
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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