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Tag: Debt

India rolls over $50-mn loan on ‘request’ by Muizzu govt, easing Maldives’ growing debt crisis
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India rolls over $50-mn loan on ‘request’ by Muizzu govt, easing Maldives’ growing debt crisis

New Delhi: India Monday agreed to roll over a $50 million loan to the Maldives after the Mohamed Muizzu government made a special request to “secure budgetary support” from New Delhi, said the Indian High Commission in Malé.The roll-over temporarily eases the debt repayment schedule of the island nation, which is set to spike to over $1.07 billion in 2026. “State Bank of India has subscribed for one more year the USD 50 million Government Treasury Bill, issued by Ministry of Finance of Maldives…The continuation of subscription has been made at the special request of the Government of Maldives to secure budgetary support from the Government of India,” the Indian High Commission said on X. Show Full Article The roll-over of the $50 mi...