India extends $50 mn budgetary support to Maldives
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.
“Gesture reflects enduring bonds of friendship”: Maldives Foreign Minister thanks Jaishankar as India extends 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.
‘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. ;
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.
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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India Lends Maldives Enough Funds for Sukuk Coupon Payment
India lent the Maldives enough funds for its upcoming Islamic bond payments, easing a default risk for the island nation in the near-term.
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India Extends $50 Million Treasury Bill for Maldives Amid Strengthening Bilateral Ties
India has decided to extend the rollover of a $50 million Treasury Bill (T-bill) for the Maldives for an additional year.
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Maldives eyes more foreign investments
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Maldives Sukuk Jumps as Officials Pledge to Avoid Default
Maldives dollar Islamic bonds jumped as the country’s central bank pledged to make coupon payments due in October.
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