Maldives sitting on a debt pile, not bankrupt as of now ...Middle East

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Maldives sitting on a debt pile, not bankrupt as of now
New Delhi: Even though Maldives has not gone bankrupt as media reports would have us believe, Male is heavily leveraged with external debt mounting to nearly USD 4.038 billion and the internal debt nearly matching the figure with debt crisis looming ahead in 2026. The gross national income of Mohammed Muizzu ruled Maldives is USD 5.6 billion as per official figures. Maldives President is playing the China card with India hoping that Emperor Xi will give Male aid to tide over economic crisis While Muizzu with his overt anti-India stance is asking for debt relief from his close friend Xi Jinping and Islamic emirates in the Middle-East, the Chinese debt of USD 1.3 billion constitutes n

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