MALDIVES : India has extended a USD 250 million loan to the Maldives government to mitigate the impact of the Covid-19."USD 250 million assistance provided to the Maldives by India, as budgetary and revenue support for mitigating impact of the COVID-19 pandemic on the Maldivian economy.
Under this, the SBI will subscribe to a Treasury Bond issued by the Government of Maldives with a comfortable 10-year tenor," the High Commission of India in the Maldives said on Sunday.The loan was handed over at a ceremony here in the presence of Maldives Foreign Minister Abdulla Shahid, Finance Minister Ibrahim Ameer, Indian High Commissioner Sunjay Sudhir and CEO of SBI in Male, Bharat Mishra.The loan has been extended in response to the request made by.