The Government of India has postponed the repayment of a USD 50 million treasury bill subscribed through the State Bank of India (SBI), extending the September 2025 deadline.

The decision was confirmed following discussions between Minister of Finance and Planning, Moosa Zameer, and the Indian High Commissioner to the Maldives, Balasubramaniam on 17 September. Senior officials from the Ministry also attended the meeting.

The USD 200 million facility was introduced in 2019 during the previous administration. Of this amount, USD 50 million was provided as a grant, while the remaining USD 150 million was subscribed as treasury bills. The current Administration has divided repayment into three tranches, with the first USD 50 million settled in January 2024. The repayment of the outstanding USD 100 million was initially postponed in May 2024, with the September instalment now deferred once again.

According to the Ministry, discussions also focused on major development projects being implemented under Indian Lines of Credit (LoC). Both sides reviewed progress, identified implementation challenges, and agreed on measures to expedite completion for the benefit of the Maldivian public.

Talks further explored opportunities to expand trade and investment ties. Officials from both countries expressed their commitment to strengthening economic cooperation and exploring new avenues to enhance bilateral commerce.