India Renews USD 50 Million Treasury Support to Maldives
Virtual Inauguration and exchange of agreements and MoUs between the Maldives and India. | Photo credit: The President’s Office
The State Bank of India (SBI) has renewed its subscription to a USD 50 million Government Treasury Bill issued by the Maldivian Ministry of Finance, following a request from the Government of Maldives.
According to a press release issued by the High Commission of India in Maldives, the extension is part of a longstanding Government-to-Government arrangement, under which India has facilitated several such interest-free Treasury Bill subscriptions through the SBI since March 2019. These arrangements have been rolled over annually and are described as emergency financial assistance to the Maldives.
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#India extends financial support to the Maldives through the rollover of the USD 50 million Treasury Bill.#ComprehensiveEconomicAndMaritimeSecurityPartnership#IndiaMaldivesFriendship
🇮🇳🤝🇲🇻@DrSJaishankar @MEAIndia @IndianDiplomacy @presidencymv @MMuizzu @narendramodi https://t.co/n7VDGMPCYe pic.twitter.com/1BE58tAoJQ— India in Maldives (@HCIMaldives) May 12, 2025
India’s support reflects its broader regional priorities, with Maldives described as a key maritime neighbour and a significant partner in India’s ‘Neighbourhood First’ policy and its Vision ‘MAHASAGAR’—Mutual and Holistic Advancement for Security and Growth Across Regions.
The High Commission noted that this latest subscription, alongside India’s earlier decision to extend a special quota for the export of essential commodities to the Maldives, demonstrates New Delhi’s sustained commitment to supporting both the Maldivian Government and its people in times of need.
