The Maldives is grappling with a serious economic downturn, with revenues and foreign currency reserves having been severely impacted

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. ;

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 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 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

At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills.