Debt

The US$ 500 million question: can the Maldives avoid default in April?

The 2021 sukuk comes home to roost.

Fenaka buckles under MVR 3.8 billion debt and arrears

The state utility owes billions to lenders and private contractors.

Foreign minister extols China-Maldives partnership

The praise was at odds with Speaker Nasheed’s criticism of Chinese debt.

Maldives president defends Indian assistance

President Solih dismissed the opposition’s criticism over debt and sovereignty.

Previous administration gave sovereign guarantees worth US$1.3 billion

US$660 million was disbursed to 24 companies.

China would respect will of Maldives people over debt, says Gayoom

China has financed Maldives projects with loans in excess of a billion dollars.

Maldives president-elect invited to visit China

Chinese state-run media backed “mutually beneficial cooperation” to continue under Solih.

China ‘respects’ Maldives election outcome

The Maldives is heavily indebted to China.

Concern over Maldives mounting debt to China

The three largest Chinese projects in the Maldives are said to be worth $1.5 billion.

President scoffs at concern over mounting debt

Overdue infrastructure development would take decades without foreign loans, Yameen contended.

Debt ‘natural’ for the Maldives

The Maldives has been borrowing heavily from China, but details of the loan are not clear.

Nasheed plans to renegotiate Chinese debt

China, debt and the Maldives

The IMF and World Bank say major building projects have the capacity to transform the Maldivian economy, but are concerned about the high debt being fuelled by the infrastructure scale-up.

Government defends plans to sell US$200m worth of sovereign bonds

In the face of criticism from the opposition, the finance ministry said the Maldives’ first ever international sovereign bond issuance would help raise finances for infrastructure projects and develop the country’s financial system and capital market.

Maldives airport expansion to cost US$800m

President Abdulla Yameen unveiled Wednesday a US$800million plan to expand the Maldives’ main airport. The project, to be financed entirely by loans, was risky, but its returns would be transformational, he claimed.

Economic growth relatively strong, but public debt ratio high: IMF

Finance Minister sends 2015 estimated budget to parliament for approval

GMR surprised with decision to give airport development to Chinese firm

Slippages in revenue or expenditure will undermine debt sustainability: MMA macroeconomic report

Tourist arrivals rose six percent in February