Following the previous subscription’s maturity, the State Bank of India renewed its subscription for an additional year to the USD 50 million Government Treasury Bill issued by the Maldives Ministry …
India rolls over $50-mn loan on ‘request’ by Muizzu govt, easing Maldives’ growing debt crisis
Maldives’ external debt servicing to touch $1.07 bn in 2026. Economic realities have forced a change in tactics towards India by the ‘pro-China’ Muizzu government.
India provides USD 50 million in budgetary support to Maldives for another year
The Indian government has provided budget support to the Maldives in the form of a rollover of USD 50 million Treasury Bill for an additional year.
8 private islands you can rent in the Maldives
Answering this call for seclusion, myriad luxury properties spread across the 1,292 islands of the Maldives archipelago now offer exclusive hideaways in concealed corners, private beach retreats and …
Fallout between the Maldives and India is ‘absolutely’ benefiting Sri Lanka, says tourism minister
Indian travelers’ boycott of the Maldives is benefiting Sri Lanka, says Sri Lanka’s Tourism Minister Harin Fernando, citing the countries’ tight relationship.
India to extend $50 million budgetary support to Maldives for another year
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.
IMF Executive Board Concludes 2024 Article IV Consultation with Maldives
A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff …
India agrees to extend debt repayment deadline: Maldives minister
Zameer made his first-ever bilateral official visit to India from May 8 to May 10. He stated that on May 9, he and his Indian counterpart S Jaishankar held bilateral talks to discuss important issues …
Islamic finance group, Saudi firm sign Maldives blue carbon partnership
An Islamic finance group has teamed up with a Saudi Arabian carbon specialist firm to explore the potential for reducing emissions and earn carbon credits from the vast seagrass meadows and mangrove …
India extends debt repayment deadline: Maldives Foreign Minister Moosa Zameer
The foreign ministers of India and the Maldives met in New Delhi for the first time ever since relations between the two neighbouring nations soured. External Affairs Minister Dr S Jaishankar stressed …