India approves ₹30 billion withdrawal to Maldives under SAARC swap

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In a statement, the Maldives Foreign Ministry said the settlement of the $400 million facility reflects the government’s commitment to meeting its financial obligations

Published - April 24, 2026 10:36 am IST - Male

Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu during the exchange of an MoU and virtual inauguration of the projects, in Male.

Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu during the exchange of an MoU and virtual inauguration of the projects, in Male. | Photo Credit: PTI

India has approved the first withdrawal of ₹30 billion under its continuing economic and financial assistance to Maldives, according to the Indian High Commission here.

The funds are being released under the first drawdown of the SAARC Currency Swap Framework, the Indian mission said in a statement on Thursday (April 24, 2026).

Published - April 24, 2026 10:36 am IST

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