India has formally extended the repayment deadline for a USD 50 million Treasury bill held by the Maldives, signaling New Delhi’s continued confidence in the country’s fiscal trajectory, the Maldivian Ministry of Finance and Planning said.
The extension follows a high-level meeting in Malé between Maldivian Finance Minister Moosa Zameer and Indian High Commissioner J. Balasbramanian, joined by senior officials including Suja K. Menon, Joint Secretary at India’s Ministry of External Affairs.
Originally due on 18 September, the Treasury bill is held by the State Bank of India. The Finance Ministry described the extension as reflecting India’s “continued confidence and assistance” and the strength of bilateral financial cooperation.
Officials also reviewed development projects financed under India’s Lines of Credit, pledging to accelerate implementation to deliver tangible benefits to the Maldivian public. Expanding trade relations and exploring new avenues for economic collaboration were also priorities during the talks.
The meeting builds on a series of diplomatic engagements, including Indian Prime Minister Narendra Modi’s recent state visit to the Maldives, during which discussions were held on a potential free trade agreement and other financial accords.
