India Extends $50 Million Financial Aid to Maldives Amid Economic Strain

The extension of Treasury Bills marks the second instance this year, reflecting improving diplomatic ties between the two nations.

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.