MMA has settled a USD 400 million currency swap facility with India.
The facility was availed in October 2024 under the SAARC currency swap framework between the Maldives and India.
Authorities also confirmed approval of a new INR 30 billion swap under the same agreement. The support aims to strengthen economic stability amid global challenges.
Officials said the arrangement offers favourable terms and will support government financing needs.
The government also cleared part of an earlier Treasury Bill support package, reducing outstanding obligations.
