India approves ₹30 billion for Maldives under SAARC Currency Swap Framework

Exam-focused facts from the 26 April 2026 current affairs briefing.

Key facts

India approved the first withdrawal of ₹30 billion for the Maldives as part of its continuing economic and financial assistance.
The funds are being released under the first drawdown of the South Asian Association for Regional Cooperation (SAARC) Currency Swap Framework.
The announcement was made by the Indian High Commission in Male on 24 April 2026.
The Maldives Foreign Ministry stated that the settlement of a $400 million facility reflects the government's commitment to meeting its financial obligations.