Latest news with #GovernmentofMaldives
India Gazette
12-05-2025
- Business
- India Gazette
India extends financial support to Maldives via rollover of USD 50 million Treasury Bill
Male [Maldives], May 12 (ANI): The Government of India has extended support to India's maritime neighbour, Maldives by rolling over the USD 50 Million treasury bill, the High Commission of India to Maldives said in a statement on Monday. Foreign Minister of Maldives, Abdulla Khaleel expressed gratitude to the Indian government and hailed the timely assistance which 'reflects the close bonds of friendship' between the two countries. In the statement shared on X, the High Commision of India to Maldives said, 'India extends financial support to the Maldives through the rollover of the USD 50 million Treasury Bill. According to the statement, after the request by the Government of Maldives, the State Bank of India (SBI) to has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. It was noted that since March 2019, India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This is a part of the unique government to government arrangement between the two countries that serves as an emergency financial assistance to the maritime neighbour. The statement also mentioned that India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India's decision earlier this year to extend the special quota for export of essential commodities for Maldives, which reflects India's continued support to the Government and the people of the Maldives. The letter mentioned, 'On the request of Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. Since March 2019, Government of India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This has been done under a unique Government- to-Government arrangement, as emergency financial assistance to Maldives. Maldives is India's key maritime neighbour and an important partner in India's 'Neighbourhood First' policy and Vision 'MAHASAGAR' i.e. Mutual and Holistic Advancement for Security and Growth Across Regions. India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India's decision earlier this year to extend the special quota for export of essential commodities for Maldives, reflect India's continued support to the Government and the people of the Maldives.' Extending gratitude to the Government of India, the Foreign Minister of Maldives said, 'I express my sincere gratitude to EAM @DrSJaishankar and the Government of #India for extending crucial financial support to the #Maldives through the rollover of the USD 50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between #Maldives & #India and will support the Government's ongoing efforts to implement fiscal reforms for economic resilience.' India and Maldives are longstanding partners. During the visit of Maldives' President Mohamed Muizzu to India last year, Prime Minister Modi had underscored the importance attached by India to its relationship with Maldives under its 'Neighbourhood First' Policy and Vision SAGAR, and reaffirmed India's unwavering commitment to assist Maldives on its developmental journey and priorities. (ANI)
Time of India
12-05-2025
- Business
- Time of India
India extends financial support to Maldives via rollover of USD 50 million Treasury Bill
The Government of India has extended support to India's maritime neighbour, Maldives by rolling over the USD 50 Million treasury bill, the High Commission of India to Maldives said in a statement on Monday. Foreign Minister of Maldives, Abdulla Khaleel expressed gratitude to the Indian government and hailed the timely assistance which "reflects the close bonds of friendship" between the two countries. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare In the statement shared on X, the High Commision of India to Maldives said, "India extends financial support to the Maldives through the rollover of the USD 50 million Treasury Bill. According to the statement, after the request by the Government of Maldives, the State Bank of India (SBI) to has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct shopping From Adidas Franchise Store... Adidas Buy Now Undo It was noted that since March 2019, India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This is a part of the unique government to government arrangement between the two countries that serves as an emergency financial assistance to the maritime neighbour. Live Events The statement also mentioned that India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India's decision earlier this year to extend the special quota for export of essential commodities for Maldives, which reflects India's continued support to the Government and the people of the Maldives. The letter mentioned, "On the request of Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. Since March 2019, Government of India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This has been done under a unique Government- to-Government arrangement, as emergency financial assistance to Maldives. Maldives is India's key maritime neighbour and an important partner in India's 'Neighbourhood First' policy and Vision 'MAHASAGAR' i.e. Mutual and Holistic Advancement for Security and Growth Across Regions. India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India's decision earlier this year to extend the special quota for export of essential commodities for Maldives, reflect India's continued support to the Government and the people of the Maldives." Extending gratitude to the Government of India, the Foreign Minister of Maldives said, "I express my sincere gratitude to EAM @DrSJaishankar and the Government of #India for extending crucial financial support to the #Maldives through the rollover of the USD 50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between #Maldives & #India and will support the Government's ongoing efforts to implement fiscal reforms for economic resilience." India and Maldives are longstanding partners. During the visit of Maldives' President Mohamed Muizzu to India last year, Prime Minister Modi had underscored the importance attached by India to its relationship with Maldives under its 'Neighbourhood First' Policy and Vision SAGAR, and reaffirmed India's unwavering commitment to assist Maldives on its developmental journey and priorities. (ANI)
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Business Standard
12-05-2025
- Business
- Business Standard
Govt extends financial aid to Maldives via rollover of $50 mn Treasury Bill
The Government of India has extended support to India's maritime neighbour, Maldives by rolling over the $50 million treasury bill, the High Commission of India to Maldives said in a statement on Monday. Foreign Minister of Maldives, Abdulla Khaleel expressed gratitude to the Indian government and hailed the timely assistance which "reflects the close bonds of friendship" between the two countries. In the statement shared on X, the High Commision of India to Maldives said, "India extends financial support to the Maldives through the rollover of the $50 million Treasury Bill. Government of India extends budgetary support to the Government of Maldives ???? Press Release | — Ministry of Foreign Affairs ???????? (@MoFAmv) May 12, 2025 According to the statement, after the request by the Government of Maldives, the State Bank of India (SBI) to has subscribed, for one more year, a $50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. It was noted that since March 2019, India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This is a part of the unique government to government arrangement between the two countries that serves as an emergency financial assistance to the maritime neighbour. The statement also mentioned that India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India's decision earlier this year to extend the special quota for export of essential commodities for Maldives, which reflects India's continued support to the Government and the people of the Maldives. The letter mentioned, "On the request of Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. Since March 2019, Government of India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This has been done under a unique Government- to-Government arrangement, as emergency financial assistance to Maldives. Maldives is India's key maritime neighbour and an important partner in India's 'Neighbourhood First' policy and Vision 'MAHASAGAR' i.e. Mutual and Holistic Advancement for Security and Growth Across Regions. India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India's decision earlier this year to extend the special quota for export of essential commodities for Maldives, reflect India's continued support to the Government and the people of the Maldives." Extending gratitude to the Government of India, the Foreign Minister of Maldives said, "I express my sincere gratitude to EAM @DrSJaishankar and the Government of #India for extending crucial financial support to the #Maldives through the rollover of the USD 50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between #Maldives & #India and will support the Government's ongoing efforts to implement fiscal reforms for economic resilience." India and Maldives are longstanding partners. During the visit of Maldives' President Mohamed Muizzu to India last year, Prime Minister Modi had underscored the importance attached by India to its relationship with Maldives under its 'Neighbourhood First' Policy and Vision SAGAR, and reaffirmed India's unwavering commitment to assist Maldives on its developmental journey and priorities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Washington Post
16-04-2025
- Politics
- Washington Post
Maldives bans Israeli travelers over ‘continuing atrocities' in Gaza
The Maldives ratified a change this week to its immigration laws to prohibit travelers from entering the country under Israeli passports, in response to Israel's conduct in Gaza. 'The Government of Maldives reaffirms its resolute solidarity with the Palestinian cause and its enduring commitment to the promotion and protection of the rights of the Palestinian people,' the office of President Mohamed Muizzu's said in a statement Wednesday.
Khaleej Times
15-04-2025
- Politics
- Khaleej Times
The Maldives bans entry of Israelis in solidarity with Palestinians
The Maldives announced on Tuesday banning entry of Israelis into the luxury archipelago, in response to "the continuing atrocities and ongoing acts of genocide committed by Israel against the Palestinian people". The step comes as a new provision to the country's Immigration Act was introduced to expressly prohibit the entry of individuals holding Israeli passports into the territory of the Republic of Maldives. A statement from the Maldives' President Dr Mohamed Muizzu's office said that he has ratified the third amendment to the Maldives Immigration Act, following its passage by the People's Majlis. "The Government of Maldives reaffirms its resolute solidarity with the Palestinian cause and its enduring commitment to the promotion and protection of the rights of the Palestinian people," it said. "The Maldives continues to advocate for accountability for violations of international law and remains vocal across various international platforms in its condemnation of Israel's actions." Dr Muizzu has consistently reiterated the Maldives' principled support for the establishment of an independent and sovereign State of Palestine, based on the pre-1967 borders, with East Jerusalem as its capital, in accordance with relevant UN resolutions and international legal norms. The Maldives, a tiny Islamic republic of more than 1,000 strategically located coral islets, is known for its secluded sandy white beaches, shallow turquoise lagoons and Robinson Crusoe-style getaways. The Indian Ocean nation said in June that it will ban Israelis from the luxury tourist hot spot. The Maldives had lifted a previous ban on Israeli tourists in the early 1990s and moved to restore relations in 2010. However, normalisation attempts were scuttled following the toppling of president Mohamed Nasheed in February 2012. Official data showed the number of Israelis visiting the Maldives dropped to 528 in the first four months of 2024, down 88 per cent compared to the corresponding period in 2023.
