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India extends USD 250 million loan to Maldives

India has extended a loan of USD 250 million to the Maldives to help it mitigate the economic impact of the COVID-19 pandemic.

The Indian mission in the Maldives said in a statement, “The budgetary support of USD 250 million is extended without conditions.”

The grant, provided under the most favourable terms possible, was handed over at a ceremony in Maldivian capital Male 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.

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