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. ;

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.

The Indian side also described the Maldives as a key maritime neighbour and an important partner under the “Neighbourhood First” policy

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.

The Maldives has expressed gratitude for the Indian government's recent budgetary support, with Foreign Minister Moosa Zameer sincerely thanking S. Jaishankar. Zameer highlighted that India's assistance,

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 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 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.