Maldives Repays Second $50mn Indian Treasury Bill: President Mohamed Muizzu

Maldives repays second $50mn Indian treasury bill: President Mohamed Muizzu

India had extended financial support to the Maldives through treasury bills, also called T-Bills, subscribed by the State Bank of India

Maldives repays second USD 50  million Indian treasury bill: Muizzu

MALE, May 11: The Maldives has settled payment to India on a USD 50-million treasury bill, President Mohamed Muizzu said on Monday, according to a local media report. The move is aimed at reducing the country’s external debt burden. India had extended financial support to the Maldives through treasury bills – also called T-Bills – subscribed by the State Bank of India (SBI). Speaking at a press conference on Monday, Muizzu said the previous …