Former president Mohamed Nasheed rejoined the Maldivian Democratic Party at a rally at Sultan Park in Malé on Monday, along with several former members who had left for The Democrats. Speaking at the rally, Nasheed warned that state debt stands at 120 percent of productivity, with $1.2 billion due for repayment next year against gross reserves of $813 million.
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 MDP is not just a good boat for all seas.
There is no other party in Asia that can change a country and bring happiness to the people.
The biggest challenge facing the people of Maldives is debt. The debt of the state. The debt of the government. So the debt I owe, the government owes me, the debt I owe. The state debt is now 120 percent of our productivity.
We have to repay $1.2 billion next year. Do we have that money saved? If it exists, we need to know. When we last looked, the gross reserves stood at $813 million. That includes a $400 million currency swap from the Indian government. So t…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
We have to repay $1.2 billion next year. Do we have that money saved? If it exists, we need to know.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave approximately USD 1 billion 17 May, 11:15 The Standard
When we last looked, the gross reserves stood at $813 million.
Word for word from the report in Maldives Republic. Open the report
That includes a $400 million currency swap from the Indian government.
Word for word from the report in Maldives Republic. Open the report
