President Mohamed Muizzu said China has agreed to initiate steps to restructure the Maldives' direct debt to the country, with talks and a technical team visit to follow soon after his official visit to China. The Ministry of Finance data cited shows the largest debt, MVR 8.1 billion as of the third quarter of 2023, is owed to the Export-Import Bank of China.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
When I presented it to the Chinese President during our official talks, he immediately designated a technical team to travel to the Maldives shortly to discuss the matter of [restructuring] Maldives' debt to China with the relevant officia…
[China] will soon send a technical team from the finance ministry and the finance sector to study and determine [easy ways to repay the debt]. That was also arranged. And we look forward to significant easements to proceed with the [outsta…
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the largest debt—which stood at MVR 8.1 billion as of the third quarter of 2023—is owed to the Export-Import Bank of China, which is a 100 percent Chinese government-owned company.
Word for word from the report in Maldives Republic. Open the report
Speaking to the media at Velana International Airport upon his arrival in the Maldives after completing his official visit to China, the President said that Chinese President Xi Jinping agreed to the proposal during official talks between the two countries.
Word for word from the report in Maldives Republic. Open the report
