Maldives seeks aid amid severe debt crisis, $1 billion payment due in 2026

https://www.business-standard.com/world-news/maldives-debt-crisis-default-risk-looms-amid-rising-loans-and-repayments-125031400373_1.html

Posted by divine_____

4 comments

  1. So what happens if they have a total collapse as mentioned might happen?

  2. I don’t know who would bail out a country that will be underwater in the next 30 years though.

  4. Should be no surprise that the largest lender of Maledives is China. Is China going to pull another Sri Lanka scenario where they set a debt-trap to aquire more assets?

    2022:

    [Sri Lanka’s China ‘debt trap’ fears grow as Beijing keeps investing](https://asia.nikkei.com/Spotlight/Asia-Insight/Sri-Lanka-s-China-debt-trap-fears-grow-as-Beijing-keeps-investing)

    2024:

    [Game of Loans: How China Bought Hambantota](https://www.csis.org/analysis/game-loans-how-china-bought-hambantota)

    “Unable to repay its debt, Sri Lanka gave China a controlling equity stake and a 99-year lease”

Comments are closed.