Government of India extends budget support to the Government of Maldives

The Government India has provided a budget support of USD 50 million to the Maldives today. The support was in the form of a rollover of USD 50 million Treasury Bill, for an additional year, through the State Bank of India, Male’, from 13 May 2024.

Government of India’s decision to rollover the T-Bill came following a request to that effect made by Foreign Minister Moosa Zameer to India’s External Affairs Minister Dr. S. Jaishankar, during the official bilateral visit to India from 8-10 May 2024. 

The Government of Maldives is highly appreciative of the generous support that Government of India has been providing to the Maldives in the form of budgetary support. Large number of infrastructural developmental projects and High Impact Community Developmental projects are underway with the assistance from the Government of India, which consists of a notable part as grant assistance.

The Government of Maldives looks forward in continuing this collaborative partnership for the mutual benefit and prosperity of their people.