India said Maldives President Ibrahim Mohamed Solih had asked for financial assistance. Photo: dpa India said Maldives President Ibrahim Mohamed Solih had asked for financial assistance. Photo: dpa
India said Maldives President Ibrahim Mohamed Solih had asked for financial assistance. Photo: dpa

India to offer Maldives US$250 million loan to recover from coronavirus

  • A sale of treasury bonds issued by the Maldives government to the State Bank of India will raise the money, with 10 years given for repayment
  • The loan takes India’s total pledged financial assistance to Maldives to more than US$2 billion since 2018, its foreign ministry says

Topic |   Maldives
India said Maldives President Ibrahim Mohamed Solih had asked for financial assistance. Photo: dpa India said Maldives President Ibrahim Mohamed Solih had asked for financial assistance. Photo: dpa
India said Maldives President Ibrahim Mohamed Solih had asked for financial assistance. Photo: dpa
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