Overview

• India has renewed its annual $50 million Treasury Bill support to the Maldives, extending the maturity date to May 11, 2026.
• The financial aid, facilitated through the State Bank of India, has been provided interest-free since 2019 under a unique government-to-government arrangement.
• This assistance aligns with India's Neighbourhood First and Vision SAGAR policies, emphasizing strategic maritime partnerships in the Indian Ocean region.
• Maldives Foreign Affairs Minister Abdulla Khaleel expressed gratitude, highlighting the aid's role in supporting fiscal reforms and economic resilience amid the country's debt challenges.
• India has also strengthened its healthcare collaboration with the Maldives by ensuring affordable medicine supplies under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana initiative.