Maldives is facing a deep debt crisis and threatens economic stability, Reported Years
China’s lending training and trade policies have increased economic pressure in the island country, which significantly accelerated the economic collapse.
Rising debt
The amount of the Maldives is aspiring the debt of the debt. Total debt in the country was $ 3 billion in March 2018. Projections can exceed $ 11 billion by 2029.
The current debt, external, is $ 3.4 billion, China and India are primary borrowers.
In 2025, the external duty, which values $ 600 million, is $ 1 billion in 2026.
As a result, credit rating agencies responded with the Development. Fich cuts three times to three times in June and August, because the mood retains a negative view of the long-term credit position.
China-Maldives play an independent trade contract
Instead of ease in the January 2025, China-Maldives, which was implemented in January-Maldives, was deeply deeply depressed by China-Maldives.
Despite it to $ 700 million, China dominates 97%, but Maldia exports less than 3 per cent.
Tarif is excluded at 91 per cent of Chinese imports, and the loss of ice is a benefit to the ice. The consequences were immediate and severe:
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In the first two months of the 2025, Imports from China increased to $ 65 million. In the same period in 2024, 43 million rose to $ 43 million.
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Government revenues fell 64 per cent from the import duty of import and MVR from 385 million to 138 million.
In addition, FTAG
In the attempt to avoid an economic collapse, Maldives seek help from various sources of various sources, but with a limited success. The government has requested $ 300 million since the country of each Gulf Co-operative Council (GCC), but these appeals are mainly ignored.
In addition, the president Muhammad Mussus was approached to China for $ 200 million in support of Debt Payments, but not a good response.
However, the 750 million currency swap has been provided from the currency swap and help maintain import payments and government expenses.
Maldives risks, followed by the Maldives of the Maldives, without a paddy authority, without a paddy authority of the Maldives, without a paddy authority of the Maldives. Years.
