IMF Warns the Maldives of "Debt Distress" Risk | Vantage with Palki Sharma

IMF Warns the Maldives of "Debt Distress" Risk | Vantage with Palki Sharma

The International Monetary Fund has warned the Maldives of "debt distress" unless important policy changes are announced. The island nation's total foreign debt is over $3 billion with Chinese lenders making up almost 42% of it. IMF has attributed the country's struggles to rising commodity prices and a weakening tourism sector. President Mohamed Muizzu, who has followed a pro-China policy, has called Chinese financial assistance "selfless". He has also asked Beijing to restructure the debt owed by the Maldives. Is Muizzu's dependence on China backfiring? What should India do to prepare for a possible debt crisis in the Maldives? Palki Sharma tells you.

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Maldives | Debt Distress | International Monetary Fund | President Mohamed Muizzu | China | Xi Jinping | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#maldives #debtdistress #internationalmentaryfund #presidentmuizzu #china #xijinping #india #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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