Maldives seeks assistance from India, faced with mounting debt


The Maldives is looking to India for help by providing monetary and budgetary assistance to overcome their mounting debt, some of which are results of dubious loan agreements.

Maldives foreign minister Abdulla Shahid said in a TOI report that Male was still trying to examine the implications of the debt accumulated by the previous government, suggesting that the figures provided by the government officials did not match the Chinese estimates. The Maldives is said to owe close to 70% of its external debt to China.

“We hope that India will be generous enough to help us with the initial management of any shortfall we might face.  Read more

You may also read!

Maj Gen Rajiv Gupta new AFMC dean and deputy commandant

Major General Rajiv Mohan Gupta assumed the appointment of dean and deputy commandant of the Armed Forces Medical College

Read More...

No talks with Pakistan till it stops supporting terrorism, says Indian envoy to United States

An India envoy on Thursday said the country will not hold talks with Pakistan until it gives up its

Read More...

Two outlawed NLFT insurgents surrender before BSF in Tripura

Two active cadres of outlawed insurgent outfit National Liberation Front of Tripura (Biswamohan), operating from hideouts in neighbouring Bangladesh

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu