Debt
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Foreign minister extols China-Maldives partnership
The praise was at odds with Speaker Nasheed’s criticism of Chinese debt.
22 Jul 2019, 9:00 AM
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Maldives president defends Indian assistance
President Solih dismissed the opposition’s criticism over debt and sovereignty.
19 Dec 2018, 9:00 AM
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Previous administration gave sovereign guarantees worth US$1.3 billion
US$660 million was disbursed to 24 companies.
04 Dec 2018, 9:00 AM
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China would respect will of Maldives people over debt, says Gayoom
China has financed Maldives projects with loans in excess of a billion dollars.
29 Oct 2018, 9:00 AM
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Maldives president-elect invited to visit China
Chinese state-run media backed “mutually beneficial cooperation” to continue under Solih.
07 Oct 2018, 9:00 AM
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China ‘respects’ Maldives election outcome
The Maldives is heavily indebted to China.
26 Sep 2018, 9:00 AM
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Concern over Maldives mounting debt to China
The three largest Chinese projects in the Maldives are said to be worth $1.5 billion.
10 Sep 2018, 9:00 AM
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President scoffs at concern over mounting debt
Overdue infrastructure development would take decades without foreign loans, Yameen contended.
25 Jun 2018, 9:00 AM
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Debt ‘natural’ for the Maldives
The Maldives has been borrowing heavily from China, but details of the loan are not clear.
18 Jun 2018, 9:00 AM
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Nasheed plans to renegotiate Chinese debt
05 Jun 2018, 9:00 AM
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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.
27 Mar 2018, 9:00 AM
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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.
31 Dec 2016, 9:00 AM
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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.
08 Apr 2016, 9:00 AM
Economic growth relatively strong, but public debt ratio high: IMF
08 Mar 2015, 1:10 PM
Finance Minister sends 2015 estimated budget to parliament for approval
02 Nov 2014, 8:07 PM
GMR surprised with decision to give airport development to Chinese firm
17 Sep 2014, 7:21 PM
Slippages in revenue or expenditure will undermine debt sustainability: MMA macroeconomic report
12 May 2014, 5:40 PM
Tourist arrivals rose six percent in February
06 Apr 2014, 3:39 PM
Tourism industry GDP growth flatlined in 2012, reveals Finance Ministry
04 Nov 2013, 4:30 PM
Bank of Maldives reportedly resolves US$58 million debt chase out of court
27 Jun 2013, 7:45 PM