India Extends Lifeline: $50 Million Support to Maldives

India has extended crucial financial support to the Maldives by rolling over a $50 million Treasury Bill for another year. This measure aids Maldives in implementing fiscal reforms. The gesture underscores India's commitment to its maritime neighbor under the 'Neighbourhood First' policy.

India has reaffirmed its commitment to the Maldives by extending the rollover of a USD 50 million Treasury Bill for an additional year.

This financial support is crucial for the Maldives government as it continues to implement essential fiscal reforms to ensure economic resilience, according to officials.

The action, facilitated by the State Bank of India under a unique Government-to-Government arrangement, highlights India's dedication to its closest maritime neighbor within its 'Neighbourhood First' policy framework.

(With inputs from agencies.)