Brief by Shorts91 Newsdesk / 12:50pm on 13 May 2024,Monday India Global
Despite recent bilateral turbulence, India extends vital budgetary support to the Maldives, rolling over a $50 million Treasury Bill upon the Maldivian government's special request. State Bank of India subscribes to the bill, continuing a unique zero-cost arrangement. Maldives' Foreign Minister expresses gratitude, highlighting the enduring friendship between the two nations. The support signifies India's commitment to collaborative partnership and ongoing developmental projects in the Maldives. This goodwill gesture comes amidst recent strains, including a request for Indian military personnel withdrawal by Maldives President Mohamed Muizzu.
