Foreign affairs foreign aid / economy Maldives Impact 8.0/10 3 min read

China Assures Full Support to Address Maldives’ Economic Challenges: Minister Zameer

Chinese President Xi Jinping assured Maldives of full cooperation in addressing economic challenges, according to Foreign Minister Moosa Zameer. Zameer visited China and shared a letter from President Muizzu. China's Exim Bank agreed to defer loan repayments for five years without interest. India also deferred US$50 million. Zameer noted India's sensitivity under its neighbourhood first policy. Preparations are underway to open a Chinese bank branch in Maldives.

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Jul 29, 2024

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Chinese President Xi Jinping assured Maldives of full cooperation in addressing economic challenges, according to Foreign Minister Moosa Zameer. Zameer visited China and shared a letter from President Muizzu. China's Exim Bank agreed to defer loan repayments for five years without interest. India also deferred US$50 million. Zameer noted India's sensitivity under its neighbourhood first policy. Preparations are underway to open a Chinese bank branch in Maldives.

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Focus: China Assures Full Support to Address Maldives’ Economic Challenges: Minister Zameer

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