India on Friday allowed the export of essential items such as eggs, potatoes, onions, rice, wheat flour (atta and maida), sugar, dal (processed pulses), stone aggregate and river sand to Maldives, prescribing a quantitative limit for each item during the 2024-25 fiscal under the bilateral trade agreement between both the countries. Currently, India has either … Read more
Chinese President Xi Jinping and Maldivian President Mohamed Muizzu attend a welcome ceremony at the Great Hall of the People in Beijing, China January 10, 2024. | Photo Credit: Reuters A Chinese military delegation recently visited the Maldives, Sri Lanka and Nepal to discuss further cooperation in defence issues, Beijing said on Wednesday. Beijing is … Read more
Policemen patrol near the Parliament building in Male, Maldives. File. | Photo Credit: AP The Maldives’ Parliamentary elections has been rescheduled for April 21, the Election Commission has said, after President Mohamed Muizzu ratified a Bill that allowed for the postponement of the polls. The elections were originally scheduled to be held on March 17 … Read more
Watch | How Maldives plans to use China to reduce its dependence on India | Data The India-Maldives diplomatic row started as controversial tweets from Maldivian ministers. Then came an informal boycott call of the Maldives by some Indians. Now, it has spiralled into a broader geopolitical issue, with the Maldives calling on China for … Read more
Amid rising fiscal deficits and public debt, Maldives remains at “high risk” of external and overall debt distress, the International Monetary Fund (IMF) said in its report. This comes after an IMF mission led by Piyaporn Sodsriwiboon visited Male from January 23-February 6 to discuss recent economic developments and the country’s policy priorities. The report … Read more
Maldives President thanked China last month for its “selfless assistance” The strategically-placed Indian Ocean nation of the Maldives, which has borrowed heavily from China and shifted allegiance from India, is at high risk of “debt distress,” the IMF warned Wednesday. Beijing has pledged more funding for the Maldives since pro-China President Mohamed Muizzu took power … Read more
Despite strong post-pandemic growth, the Maldives remains at high risk of debt distress, the International Monetary Fund (IMF) has warned. “Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress,” the IMF said, calling for “urgent … Read more