Jumhooree Party presidential candidate Qasim Ibrahim, in a letter to citizens, warned that the Maldives' debt has exceeded MVR 120 billion and could reach MVR 165 billion within five years, urging Maldivians to vote for him to address the debt crisis, corruption and foreign troop presence. He compared the country's trajectory to Sri Lanka, saying it is 'not far from defaulting'.
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Unless someone knows how to repay and restructure these debts, this country cannot be saved. Like neighboring Sri Lanka, this country is not far from defaulting,
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the nation's mounting debt, which has already exceeded MVR 120 billion and is projected to soar to MVR 165 billion by the end of the next five years
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is projected to soar to MVR 165 billion by the end of the next five years
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the Maldives faces the daunting task of repaying more than US$1 billion in debt alone by 2026
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In a letter addressed to all citizens, Qasim has urged them to cast their votes to ensure the future stability and security of the Maldives.
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