Overview

• India has renewed its subscription to Maldivian government Treasury Bills worth $50 million for one year, following a similar extension in May 2024.
• The financial assistance comes as the Maldives grapples with a severe economic downturn and significant debt, largely owed to China and India.
• Maldivian Foreign Minister Moosa Zameer expressed gratitude for India's support, highlighting the enduring friendship between the two countries.
• Relations between India and the Maldives have improved after initial tensions under President Mohamed Muizzu, who had previously demanded the withdrawal of Indian military personnel.
• The Indian High Commission emphasized the Maldives' importance as a key maritime neighbor and partner under India's 'Neighbourhood First' policy.