MALE, April 24 (Xinhua) -- The Maldives Monetary Authority (MMA) has repaid a 400-million-U.S.-dollar currency swap facility obtained from India in October 2024, the Maldives' state media PSM News reported Friday.
The facility was provided through the U.S. dollar/euro swap window of the South Asian Association for Regional Cooperation currency swap framework for 2024-2027, which is designed to assist member states facing short-term balance of payments pressures, PSM News said.
Separately, the government has also repaid 50 million dollars from a 150-million-U.S.-dollar Treasury Bill budgetary support package arranged through the State Bank of India in 2019, PSM News reported.
Earlier this month, the Maldives settled a 500-million-dollar sukuk, or bonds, issued in 2021, repaying both the principal amount of 500 million dollars and the associated coupon of 24.68 million dollars. ■