India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government's request.
Maldives President Mohammad Muizzu's government had a sharp defeat after voters elected Maldivian Democratic Party (MDP) candidate Adam Azim, who belongs to the opposition as Mayor of Maldives capital, Male on Saturday.