"Generous Gesture": Maldives As India Sends "Crucial Budgetary Support"
NDTV
This is the second rollover granted by the Indian government this year, following the first rollover of a USD 50 million Treasury Bill on May 13.
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. He said the Indian government's announcement demonstrates "enduring bonds of friendship between the Maldives and India."
In a post on X, Mr Zameer stated, "Sincere gratitude to External Affairs Minister @DrSJaishankar and the Government of #India for extending crucial budgetary support to the Maldives with the rollover of USD 50 million Treasury Bill. This generous gesture reflects the enduring bonds of friendship between #Maldives and #India."
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, the Indian High Commission in the Maldives said in a press release.
