India extends $50 mn budgetary support to Maldives
Maldives hails India's 'generous crucial budgetary support' 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 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.
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
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.
Maldives elated as India extends $50mn budgetary support in second rollover this year
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 previous subscription on September 19,
India extends $50 million budgetary aid to Maldives for another year
India has extended financial assistance to the Maldives by rolling over a $50 million Treasury Bill for another year at the Maldivian government's request. This marks the second such extension this year,
China throws fresh support line to crisis-threatened Maldives
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World Bank Calls for Urgent Reforms and Investment in Climate Resilience to Boost Maldives' Economy
The report also projects a sea-level rise of up to 0.9 meters by 2100, which could result in coastal flooding that damages up ...
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.
India Ready to Give Maldives Aid as Sukuk Default Risk Looms
India’s government is ready to offer the Maldives emergency financial support to help ease the island nation’s financial woes ...
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Maldives President to Visit India Amid Danger of Debt Default
Malé is hoping for a bailout from New Delhi after credit rating agencies downgraded the country’s debt over a high risk that ...
Cash-strapped Maldives Says No Need For IMF Bailout
The Maldives says its financial troubles are "temporary" and the luxury tourist destination has no plans to seek an ...
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Maldives will soon initiate regularisation process for undocumented Bangladeshis: Envoy
Referring to the excellent bilateral relations between Maldives and Bangladesh, Shiuneen Rasheed reiterated the commitment of Maldives to continue engagements, cooperation and collaboration with Bangl ...
These resorts are changing the way we think about the Maldives
With its pristine white sand, crystal-clear turquoise waters and the warm tropical sun, the Maldives has long been synonymous ...