India offers financial support to Maldives to combat COVID-19

Published on September 21, 2020
Government of India has extended financial support to the Maldives to combat the impact of COVID-19. India has offered the loan amount of 250 million dollars to the Maldives. 
  • The loan amount is the revenue and budgetary support for tackling COVID-19 impact on the Maldivian economy. 
  • Under this loan agreement, the State Bank of India will subscribe to a Treasury Bond which will be issued by Government of Maldives with a comfortable 10 year tenor of repayment
  • Static Part: 
  • Capital of Maldives: Male
  • Currency of Maldives: Maldivian Rufiyaa
  • President of Maldives: Ibrahim Mohamed Solih

Question: 

Q: 1: Recently, how much loan amount offered to the Maldives by India to combat COVID-19?
a 250 million dollar
b. 170 million dollar
c. 200 million dollar
d. 275 million dollar

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