Chinese Ambassador to the Maldives Wang Lixin said on Thursday that China would not restructure the Maldives' debt, and that China would instead prioritise grant aid projects. The Maldives owes US$1.37 billion to China, about 20 percent of its external debt, and the Maldives Monetary Authority said in March it had no information that the loans had been restructured.
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.
the Chinese ambassador said during a press conference held at the Chinese Embassy on Thursday .
Word for word from the report in Maldives Republic. Open the report
If the debt is restructured, perhaps [Maldives] will not be able to borrow for new projects [in the future]… So, the technical staff [of both countries] are working to find a solution to this problem
All the conditions of the projects are set by the Maldivian government
But not everything can be done under grant aid. Therefore, I hope the Maldivian government receives due cooperation in the efforts to raise funds for new projects in other ways
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
According to World Bank figures, the Maldives owes US$1.37 billion to China, including for sovereign guarantees, amounting to 20 percent of the Maldives’ external debt.
Word for word from the report in Maldives Republic. Open the report
According to World Bank figures, the Maldives owes US$1.37 billion to China, including for sovereign guarantees, amounting to 20 percent of the Maldives’ external debt.
Word for word from the report in Maldives Republic. Open the report
