Skip Navigation

IMF warns of Maldives foreign debt crisis, after China borrowing

www.france24.com /en/live-news/20240207-imf-warns-of-maldives-foreign-debt-crisis-after-china-borrowing
Embed prevented alt text

Pro-China President Mohamed Muizzu's predecessor, former president Abdulla Yameen, who ruled for five years until 2018, borrowed heavily from Beijing for construction projects.

That left it owing 42 percent of its more than $3 billion foreign debt to China in 2021, according to the World Bank, citing the Maldives' finance ministry.

9

You're viewing a single thread.

9 comments
9 comments