India Sends “Crucial Budgetary Support” To Maldives Amid Strained Ties
In a goodwill gesture, India on Thursday said it has decided to rollover a USD 50 million Treasury Bill for an additional year upon the request of the Maldives government. “At the request of the Government of Maldives, the State Bank of India (SBI) has subscribed the USD 50 mn Government Treasury Bill (T-bills) issued by the Ministry of Finance of Maldives, for a period of one more year from the date of maturity of the previous subscription, September 19, 2024,” the High Commission of India in Maldives said in a press release. SBI bought the Treasury Bill under an agreement signed by the previous government. SBI has bought a total of USD 200 million… Read More »India Sends “Crucial Budgetary Support” To Maldives Amid Strained Ties