IMF warns of Maldives foreign debt crisis, after China borrowing
- 07-Feb-2024
COLOMBO: The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of “debt distress,” the IMF warned Wednesday. Beijing has pledged more funding for the Maldives since pro-China President Mohamed Muizzu took power in November. Muizzu thanked China last month for its […]