Maldives Settles Final Tranche of USD 150 Million Treasury Bills Loan from India

Exam-focused facts from the 21 September 2026 current affairs briefing.

Key facts

The Maldives fully repaid a USD 150 million loan to India by settling the final tranche of USD 50 million treasury bills on September 17, which were subscribed by the State Bank of India (SBI) with the Government of Maldives in 2019 and extended six times, each for a year.
India bore the interest payments on the treasury bills over the past five years, totalling close to USD 45 million, while the principal was paid by the Maldives government.
India extended an Rs 30 billion currency swap facility to the Maldives to support its financial system and also subscribed to USD 350 million worth of treasury bonds valid till 2029 and 2030.
External Affairs Ministry spokesperson Randhir Jaiswal announced the settlement during a media briefing.