Maldives Secures One-Year Extension on $50M Indian Treasury Bill

India has extended a USD 50 million Treasury Bill for another year under a government-to-government arrangement with the Maldives. The rollover, requested by the Maldivian government, is interest-free and facilitated by State Bank of India. Since March 2019, India has provided annual subscriptions of such T-bills. The Indian High Commission in Malé issued a press release emphasizing India's 'Neighbourhood First' policy and 'MAHASAGAR' maritime strategy. Also mentioned are a special quota for essential commodities and a currency swap facility of USD 750 million, of which USD 400 million is already utilized by Maldives.

India has extended a USD 50 million Treasury Bill for another year under a government-to-government arrangement with the Maldives. The rollover, requested by the Maldivian government, is interest-free and facilitated by State Bank of India. Since March 2019, India has provided annual subscriptions of such T-bills. The Indian High Commission in Malé issued a press release emphasizing India's 'Neighbourhood First' policy and 'MAHASAGAR' maritime strategy. Also mentioned are a special quota for essential commodities and a currency swap facility of USD 750 million, of which USD 400 million is already utilized by Maldives.

India has extended a USD 50 million Treasury Bill for another year under a government-to-government arrangement with the Maldives. The rollover, requested by the Maldivian government, is interest-free and facilitated by State Bank of India. Since March 2019, India has provided annual subscriptions of such T-bills. The Indian High Commission in Malé issued a press release emphasizing India's 'Neighbourhood First' policy and 'MAHASAGAR' maritime strategy. Also mentioned are a special quota for essential commodities and a currency swap facility of USD 750 million, of which USD 400 million is already utilized by Maldives.

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