Yameen defends rising debt
President Abdulla Yameen hit back at opposition criticism over rising national debt, defending the loans taken by his four-year administration as necessary for development.
27 Nov 2017, 9:00 AM
President Abdulla Yameen has hit back at opposition criticism over rising national debt, defending the huge loans taken by his four-year administration as necessary for development.
Speaking at a function held Sunday night to hand out the annual ‘Youth Awards,’ Yameen said the criticism from opposition lawmakers showed a lack of vision or an understanding of the “basic economics” of risk and reward.
“If [the opposition] do not want to take loans to improve the condition of our youth, and if these are leaders that claim they can take the nation forward with a young generation, I would say what’s in front of us once again is despair,” he said.
“They don’t want to take a loan to provide the housing needed for a young population. I don’t understand how this can be done without taking loans.”
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