Maldives Extends Gratitude To Indian FM For $50M Budget Assistance

“State Bank of India has subscribed for one more year the USD 50 million Government Treasury Bill, issued by the Ministry of Finance of Maldives, upon maturity of the previous subscription.
These Government Treasury Bills are subscribed by SBI under by SBI under a unique Government-to-Government arrangement at zero-cost (interest-free) to the Government of Maldives,” the Indian High Commission in Maldives said in a statement.

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This extension of the subscription has been done at the request of the Maldivian government. “The continuation of subscription has been made at the special request of the Government of Maldives to secure budgetary support from the Government of India,” the statement read.