The Government of India has granted a one-year extension for the USD 50 million Treasury Bill that matured on September 19, 2024. This extension, facilitated through the State Bank of India in Malé, marks the second rollover granted by India this year. The first rollover was approved on May 13, 2024.
The decision to extend the Treasury Bill came in response to a request made by Foreign Minister Moosa Zameer during recent discussions between the two governments. These discussions took place during the visit of Indian Minister of External Affairs Dr. S. Jaishankar to the Maldives from August 9-11, 2024.
The Government of Maldives expressed its gratitude for the continued financial support from India, which is crucial as the Maldives undertakes a significant fiscal consolidation program to tackle pressing economic challenges.
This extension highlights the strong and enduring partnership between the two nations. The Government of Maldives looks forward to further collaboration to enhance mutual benefit and prosperity for both countries.
The decision to extend the Treasury Bill came in response to a request made by Foreign Minister Moosa Zameer during recent discussions between the two governments. These discussions took place during the visit of Indian Minister of External Affairs Dr. S. Jaishankar to the Maldives from August 9-11, 2024.
The Government of Maldives expressed its gratitude for the continued financial support from India, which is crucial as the Maldives undertakes a significant fiscal consolidation program to tackle pressing economic challenges.
This extension highlights the strong and enduring partnership between the two nations. The Government of Maldives looks forward to further collaboration to enhance mutual benefit and prosperity for both countries.
