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China Signals Willingness to Restructure Loan Payments as India Defers US$50 Million Repayment

President Mohammed Muizzu said China has approved deferring repayment of Exim Bank of China loans to the Maldives over the next five years, with technical work underway, and that India has deferred US$50 million in debt while the food quota was renewed for two years. He also said the UAE has decided to restructure loans over five years, speaking at the Maldives' 59th Independence Day commemoration.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures3as written, with their sentences

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.

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Figures in these reports

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  • US$50 million debt deferred to India Maldives Republic India has already differed US$50 million in debt, the President also revealed.

    Word for word from the report in Maldives Republic. Open the report

  • US$1.37 billion Maldives debt owed to China Maldives Republic The Maldives owes US$1.37 billion to China, inclusive of sovereign guarantees, according to World Bank figures; accounting for 20 percent of the country’s external debt.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave US$1.37 billion 17 May, 21:08 Maldives Republic

  • 20 percent share of external debt owed to China Maldives Republic The Maldives owes US$1.37 billion to China, inclusive of sovereign guarantees, according to World Bank figures; accounting for 20 percent of the country’s external debt.

    Word for word from the report in Maldives Republic. Open the report

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