Former Maldives VP Ahmed Adeeb takes on China over Maldives' economic crisis | WION Dispatch
Former Maldives Vice President Ahmed Adeeb has expressed concerns over loans from China, & the current debt worries of the country. Speaking to our diplomatic correspondent Sidhant Sibal, he said, 'Lot of debt taken from China. High interest loans from commercial banks of China talks with China, but not announced, will they delay, write it off". The Maldives is currently navigating through significant economic challenges, particularly with regards to its debt situation. The country has experienced a significant downgrade in its credit rating by Fitch Ratings, moving from 'CCC+' to 'CC' as of August 29, 2024. He lauded India, pointing to the Delhi's role in support Sri Lanka during economic crisis. He explained, 'India has always helped us. For Sri Lanka, it was India who helped"
#maldives #china #ahmedadeeb
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