President Mohamed Muizzu said India is fully aware of the Maldives' fiscal difficulties and is ready to assist, speaking in a BBC interview before leaving for an official visit to India. The Maldives' usable foreign reserves were depleted for the first time in August, and Fitch and Moody's downgraded the country's credit rating.
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.
On 27 June, Muizzu announced measures to cut spending as the country's financial standing continued to deteriorate.
Word for word from the report in Maldives Republic. Open the report
India is fully cognisant of our fiscal situation, and as one of our biggest development partners, will always be ready to ease our burden, find better alternatives and solutions to the challenges we face,
if there were any differences between India and the Maldives, they would be resolved through dialogue
the opposition in Parliament were working like slaves under foreign influence
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
India, in September this year, rolled over US$50 million owed to the nation by the Maldives to 2025.
Word for word from the report in Maldives Republic. Open the report
The nation's usable foreign reserves were completely depleted for the first time in August and credit rating agencies Fitch and Moody's downgraded the nation's credit rating citing a higher likelihood of a sovereign default.
Word for word from the report in Maldives Republic. Open the report
