Contours Of The Financial Mess In The Maldives – Analysis
President Mohamed Muizzu is seeking bailouts from India and China.
Maldives in a financial mess and is looking out for bailouts from India and China. It’s foreign and domestic debt was 110% of the GDP at the start of 2024.
The Maldives’ net foreign exchange reserves fell below US$ 50 million in July, while gross reserves dropped to under US$ 400 million from US$ 500 million in May. President Mohamed Moizzu is seeking bailouts from India and China.
According to the Financial Times... Читать дальше...