India Maldives city Male covid-19 pandemic economy Government India Maldives city Male

India extends $250 mn loan to Maldives to deal with Covid-19 economic impact

Reading now: 377
www.livemint.com

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.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA