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Maldives Secures One-Year Extension on $50M Indian Treasury Bill
India extended a USD 50 million Treasury Bill subscribed by the State Bank of India for the Maldives by another year, granted as interest-free emergency financial assistance at the Maldivian government's request. The Indian High Commission in Malé said the measure reflects India's 'Neighbourhood First' policy and complements discussions on Line of Credit projects and a USD 750 million currency swap facility of which the Maldives is using USD 400 million.
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Figures in these reports
as written, with the sentence they come from
USD 50 millionTreasury Bill extendedThe Standardextending a crucial
USD 50 million Treasury Bill (T-Bill)
, subscribed by the State Bank of India (SBI), for another year
Word for word from the report in The Standard. Open the report
Word for word from the report in The Standard. Open the report
USD 400 millionCurrency swap amount utilized by MaldivesThe Standardof which Maldives is already utilizing USD 400 million
Word for word from the report in The Standard. Open the report
March 2019Since annual T-Bill subscriptions beganThe StandardSince March 2019, New Delhi has facilitated the annual subscription of several such Treasury Bills through SBI, rolling them over
interest-free
Word for word from the report in The Standard. Open the report
Other events named
no clear day, as worded
The Indian High Commission in Malé issued a press release on the T-Bill extension.MaléThe StandardAccording to a press release issued by the Indian High Commission in Malé, the measure reflects India’s consistent commitment to assist the Maldives in times of need.
Word for word from the report in The Standard. Open the report
India recalled earlier decisions this year to extend an export quota for essential commodities to the Maldives and re-subscribe another T-Bill.earlier decisions by India this yearThe StandardThe press release also recalled earlier decisions by India this year, including extending a
special quota for the export of essential commodities to the Maldives
and the re-subscription of another T-Bill
Word for word from the report in The Standard. Open the report