India extends $50 mn budgetary support to Maldives
How India helped Maldives dodge historic Sukuk default amid strained relations
Much of the Maldives’ debt burden is owed to China, which has extended $1.37 billion in loans, compared to India’s $124 million.
'Grateful to PM Modi': Maldives thanks India for $50 million crucial budgetary support
The State Bank of India (SBI) subscribed the Maldivian government’s $50 million treasury bills for a period of one year from the date of the previous subscription, which was 19, 2024
Maldives 'Thanks' India For 'Generous' Budgetary Support | Full Details
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,
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.
"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.
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 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.
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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China Throws Fresh Support Line to Crisis-Threatened Maldives
Concerns have grown in recent months that the cash-strapped Maldives could become the first country to default on Islamic sovereign debt but this week has seen a sudden improvement in sentiment.
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