September 20, 2024 8:49 AM

India extends USD 50 million budgetary support to Maldives for another year

India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government's request, the Indian High Commission in the Maldives announced on Thursday. At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills (T-bills) issued by the Ministry of Finance of the Maldives for a period of one more year upon the maturity of the pr...