The Maldives has repaid a USD 50 million treasury bill to India, a step President Mohamed Muizzu says will reduce the country’s external debt. The bill was part of earlier financial support from India, subscribed through the State Bank of India. Muizzu added that clearing this liability helps prevent a larger future financial burden.
India has approved a major ₹3,000-crore currency swap for the Maldives under the SAARC framework. The support is designed to help the island nation handle foreign exchange requirements and growing economic pressures. Officials say the move strengthens financial resilience and highlights the depth of India–Maldives partnership, with a focus on stabilizing liquidity when it matters most.
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India is weighing the Maldives’ request to extend a currency swap facility amid mounting financial strain and regional conflict spillovers. Although New Delhi has provided major support in the past, current rules may limit how much it can offer now. A refusal could worsen near-term liquidity as large debt repayments approach.
India has approved a Rs 30 billion currency swap for the Maldives, reinforcing New Delhi’s financial role in the region. The Maldives also completed settlement of an earlier $400 million swap, and the fresh facility is expected to bolster economic stability amid ongoing regional pressures, while deepening ties through continued financial cooperation.
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