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Home News Item IMF Flags BRI Partner Maldives’ High Debt
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IMF Flags BRI Partner Maldives’ High Debt

februari 09, 2024by Reacties uitgeschakeld voor IMF Flags BRI Partner Maldives’ High Debt

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New Delhi – The Indian Ocean archipelago of Maldives, one of the first South Asian countries to join Beijing’s Belt and Road Initiative, faces the risk of “debt distress,” according to the International Monetary Fund.

The term refers to countries unable to meet their financial obligations and require debt restructuring.

The February 6 IMF warning comes as its new president, Mohamed Muizzu, builds closer tie

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