India has extended significant financial aid to the Maldives by signing a $750 million currency swap agreement to ease the country’s foreign exchange crisis. This includes a $400 million swap and an additional ₹3,000 crore ($357 million) under the SAARC Currency Swap Framework, available until 2027. The agreement was sealed during a meeting between Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu, who is on a five-day visit to India. Both leaders discussed key economic and security collaborations, adopting a “vision statement” that reinforces their partnership.
