Economic dependency threatens Maldives’ independence, warns President Waheed
12 Nov 2012, 4:51 PM
The Maldives has become financially and economically dependent on foreign parties to an extent that threatens the nation’s independence and sovereignty, President Dr Mohamed Waheed Hassan Manik warned in his address (Dhivehi) to the nation on Republic Day.
Speaking at a function at Dharubaaruge last night, President Waheed said the country has still not recovered from the devastation wrought by the tsunami in December 2004.
“The national debt has soared to levels it has never reached before. In the past four or five years, the country has become financially and economically dependent on foreign parties to an extent that undermines our domestic and economic independence,” he said.
The Maldives “faced challenges to domestic stability” with the post-2004 constitutional changes and democratic reforms, he added.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
