"True Gesture Of Goodwill": Maldives As India Extends Budgetary Support
NDTV
India extended vital budgetary support to the Maldives with the rollover of a USD 50 million Treasury Bill for another year on the Maldivian government's special request.
In a goodwill gesture, India has decided to extend vital budgetary support to the Maldives government with the rollover of a USD 50 million Treasury Bill for another year on the Maldivian government's special request, it was announced on Monday.
The State Bank of India has subscribed for one more year to the USD 50 million Government Treasury Bill, issued by the Ministry of Finance of Maldives, upon maturity of the previous subscription, the High Commission of India said in a brief statement on Monday.
The Indian government took this decision despite the bilateral ties experiencing turbulence since Maldives President Mohamed Muizzu, a pro-China leader, assumed office six months back.
