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India enhances financial support to Maldives, underscoring deepening alliance
India has allocated $69 million (1 billion Maldivian rufiyaa) in aid to the Maldives for the 2025-2026 fiscal year, up from $54 million (833 million rufiyaa) the previous year, making it the second-largest share of India's $250 million foreign aid budget after Nepal. The increased support comes as the Maldives faces debt obligations, with India having earlier subscribed a $50 million treasury bill to help avert a potential default.
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$69 million (1 billion Maldivian rufiyaa)India aid to Maldives, 2025-2026 fiscal yearThe StandardIndia has allocated $69 million (1 billion Maldivian rufiyaa) in aid to the Maldives for the 2025-2026 fiscal year.
Word for word from the report in The Standard. Open the report
$54 million (833 million rufiyaa)India aid to Maldives, previous yearThe StandardThis marks an increase from the $54 million (833 million rufiyaa) designated in the previous year’s budget.
Word for word from the report in The Standard. Open the report
approximately 25%Maldives share of India's foreign aid budgetThe StandardThe Maldives is set to receive the second-largest portion of India’s foreign aid budget, accounting for approximately 25% of the $250 million (3.9 billion rufiyaa) earmarked for various countries.
Word for word from the report in The Standard. Open the report
$80 million (1.2 billion rufiyaa)India aid allocation to NepalThe StandardNepal tops the list with an allocation of $80 million (1.2 billion rufiyaa), while Mauritius follows with $58 million (894 million rufiyaa).
Word for word from the report in The Standard. Open the report
$58 million (894 million rufiyaa)India aid allocation to MauritiusThe StandardNepal tops the list with an allocation of $80 million (1.2 billion rufiyaa), while Mauritius follows with $58 million (894 million rufiyaa).
Word for word from the report in The Standard. Open the report
Rs 600 cr (FY2025-26) (vs Rs 470 cr Revised Budget FY2024-2025)Budget allocation to Maldives (rupees)The StandardMaldives sees an allocation increase of Rs 600 cr (FY2025-26) (vs Rs 470 cr Revised Budget FY2024-2025)
Word for word from the report in The Standard. Open the report
$50 millionTreasury bill subscription to MaldivesThe Standardincluding a $50 million treasury bill subscription to help avert a potential debt default.
Word for word from the report in The Standard. Open the report
$293 million (4.5 billion rufiyaa)India total foreign aid, previous fiscal yearThe StandardIn the previous fiscal year, India allocated $293 million (4.5 billion rufiyaa) for foreign aid, highlighting its role in regional development.
Word for word from the report in The Standard. Open the report
