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The government of India handed over a loan of USD 100 million to Maldives on Tuesday. This loan will be provided through subscription in the government's domestic treasury bonds by the State Bank of India (SBI) in Malé.
In a ceremony held at the Foreign Ministry, the ceremonial document indicating the loan was awarded was handed over by the Indian High Commissioner to the Maldives Shri Munu Mahawar. Minister for Foreign Affairs Abdulla Shahid accepted on behalf of the Maldives.
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