The Economic Times

India bore USD 45 million interest as Maldives clears USD 150 million facility: MEA

India covered approximately USD 45 million in interest payments over five years. Mal fully repaid the USD 150 million Treasury bill facility to India. The State Bank of India subscribed to this facility which was extended six times. India's support aligns with its Neighbourhood First policy and development partnerships. This financial assistance also includes a currency swap facility and Treasury bonds.