 MALDIVES SETTLES &#036;150M DEBT AS INDIA ABSORBS &#036;45M INTEREST

The Maldives fully repaid a &#036;150 million loan from India with a final &#036;50 million settlement after six extensions. While Malé cleared the principal, New Delhi absorbed nearly &#036;45 million in interest over five years to cushion the island nation's ongoing financial crisis.